Why didn't the Litecoin halving affect the price this time? In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
Let's watch the previous halving of 2019 for reference to predict current halving results.
Litecoin halved in August 25, 2019.
Six months exact before the halving in February 5, 2019, the price of Litecoin was $34.
Three months before halving in May 5, 2019, the price was $78.
1 month ago it was $120.
On the day of halving, it was $95.
One months later $67.
And a few months after that, it reached as low as $33.
What we see from this is the price increases and is highest a couple of months before the halving and go through significant price loss after halving.
And that is exactly what we saw in 2023.
But what also is true is after two years of halving, it maintained a higher low resistance for rest of it's history.