Re: LTC will hit 500++ on july 15 2019

Quote from: IvugeoEvolutionCoin on May 26, 2019, 10:50:45 PM

Quote from: mercedes321 on August 16, 2018, 11:07:54 AM

halving is in august 2019, here is the explanation what that means: https://cryptomining-blog.com/tag/litecoin-halving/

i checked the price in 2015 a month before halving, it went x7, and it stablize x2 before halving date.

so lets say it will be 110 x 5 not x7= 550 usd, then it will stablize at 220.

This is estimated price. I personally think it will hit 680 on july 15.

your thoughts?

Apparently, the price hype is as a result of the halving with comparison drawn from the 2015 halving. But my worry is would the halving be enough to sustain the price growth. That is my interest

If we are seeing it from the economic theory and that makes sense to consider less inflation will help litecoin to increase even more.
Halving is enough and the block reward will have halved 50% from the current block reward. But $500 for july looks very impossible.