The Litecoin halving is an event where the block reward for mining Litecoin is cut in half. This happens roughly every 4 years for Litecoin, in a similar fashion to Bitcoin with the goal of controlling the supply of Litecoin—making it more scarce over time and potentially leading to LTC price appreciation after the halving event.
The last Litecoin halving occurred in August 2019. The next halving is slated to happen on 2nd August 2023. Typically, there’s volatility and uncertainty surrounding halving events as investors speculate on the impact to supply and price. However, the effects of a halving generally play out over months and years after the event itself.
While the effects of halving are not always immediate, most traders are already exploring various means to accumulate LTC, leading to the increased demand of the token and LTC giveaway events like the one on Bitget, for instance. Leading to the question— Do you see a bullish trend as a result of the coming halving event?
The last Litecoin halving occurred in August 2019. The next halving is slated to happen on 2nd August 2023. Typically, there’s volatility and uncertainty surrounding halving events as investors speculate on the impact to supply and price. However, the effects of a halving generally play out over months and years after the event itself.
While the effects of halving are not always immediate, most traders are already exploring various means to accumulate LTC, leading to the increased demand of the token and LTC giveaway events like the one on Bitget, for instance. Leading to the question— Do you see a bullish trend as a result of the coming halving event?
Yes. I believe LTC will be on a bullish trend due to the halving. The effects will be short-lived due to the fact that other coins have better features and are often well-marketed by the team. Past market price performance shows us how LTC goes up and then remains stagnant for a long period of time. Only a bullish BTC will be able to add momentum to LTC's price.
If you haven't bought LTC before the halving, I'd suggest you wait until the hype comes to an end. Only then, you'll be able to buy LTC at a discount. Who knows where LTC will be after the next halving event? Just my thoughts
