Hey guys, countdown as started for Litecoin halving which is scheduled on August 6th, 2019. What do you think? Will this halving will impact on Litecoin price? Will the price of Litecoin decreases or increases? Please share your opinion on this.
If you have used Litecoin if recent, you will notice that the transaction fee is already getting high, which means that there are lots of people performing transactions in Litecoin market already, and it was not like this prior to the halving. So, I believe that this is as a result of the fast approaching Litecoin halving and I also believe that this will surely have very positive impact on the value of Litecoin for the main time.
I am quite afraid that Litecoin is heading for a major dumping that is possibly going to make the value even drop lower than this after the halving because many people will be taking their reward and also exchanging their Litecoin into fiat to take the profit that came with the halving, so the increase will not be so long before it has it negative side too.