Post
Topic
Board Speculation (Altcoins)
Re: What factors contributed to the absence of price change after the Litecoin halvi
by
makishart
on 08/08/2023, 17:33:12 UTC
Why didn't the Litecoin halving affect the price this time?
Your expectation was too big for litecoin. Did you think litecoin has same power as bitcoin that can pushing its price to double or triple after halving? Litecoin doesn't have hype anymore. This is not a good payment gateway right now.
Litecoin has lost trust from so many people after charlie lie has been sold his coin in the past.
Litecoin halving never did impact to the price. The price of altecoin peg to the bitcoin's movement. I think that you should understand it.

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.
It's only happening with bitcoin but you are wrongly understanding it if any halving already done by altcoin could have the same impact like what bitcoin done.