Everyone said that in early August, LTC will cost about 500 bucks, but this did not happen ... This once again confirms that all these experts and analysts know nothing.
Conceptually litcoin was created is like bitcoin, there is halving event who will make reduction when the coin is mined for every for years. But it depend on the coin itself, if the coin has popularity and there is many demand to the coin then its price will high because the supply for the coin will decrease whereas the demand of the coin is high.
And I just guessing, in August 2019 litecoin had been facing halving event but the demand of the coin was remain same so as it has nothing to do to this event. But I have read an article who stated that the halving event will be felt after it has happened, you can see when the price litecoin at 2015 ago when the halving event came, the price just stable but when 2016-2017 it is price just soaring and touch the ATH. Maybe this scheme will happen to the halving event at this time.