Post
Topic
Board Speculation (Altcoins)
Re: What factors contributed to the absence of price change after the Litecoin halvi
by
GreatArkansas
on 14/08/2023, 02:18:59 UTC
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.
It's because of Bitcoin. Most altcoins especially top market cap altcoins are just following Bitcoin, they just correlate with Bitcoin.
The biggest halving that most people are waiting is the Bitcoin block halving.
So what happened in Litecoin is somehow just advertisement because we all know that Bitcoin still having hard time these days maintain the momentum.