The next Litecoin halving event is coming in August, and that has investors excited about this coin's future upside potential.
Seemingly out of nowhere, Litecoin (CRYPTO: LTC) is on the move again. The coin is up 13% over the past seven days after significantly underperforming the market for much of the year. Over that same period, both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are basically flat.
What are your thoughts on this litecoin resurgence?
We know how halving affects the market trend a reason why we believe that this will increase the price of Litecoin to some extent but not to the point of getting it bullish as it was not the same as when the entire market is at ATH. Probably we can witness a surge in its price but it drops then after a while. So, if we are buying Litecoin, much better to start accumulating before halving and then sell it when it hits on its peak I can't imagine keeping the trend for long, investors will drop making the price drop as well, and we should anticipate it.