Post
Topic
Board Speculation (Altcoins)
Re: Litecoin halvening price speculation?
by
hotforblockchain
on 18/07/2019, 10:29:41 UTC

Strange decision. Halving usually pushes the cryptocurrency to grow, as the commissions for the miners are cut. We can wait for the bull run, and for the Moonrise of Litecoin, and there is no one reason to sell this token now, moreover, it is in the top-5 for many years. We can wait that this token will reach 150 dollars this year. It seems to be a reality.


it took me like 5 minutes to find one actual argument about halving and  price!

According to litecoinblockhalf.com every day 14400 LTC are generated, with price of 92 USD, this is 1,324 million USD. I speculate that most of it is dumped on the market. After halving , it will be cut to half. So about 7200 LTC generated daily with price ~ 650k USD. This mathematically would mean that price should go up because less dumping will take place. BUT there is an option that market will be afraid and will not understand what halving is and dump .