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.
Mark Twain said: “History never repeats itself, but it does often rhyme.” This applies to technical analysis and fundamental triggers in the charts. You can't depend on repeating patterns, even if it would be obvious, when enough people are spotting them, the outcome changes as the event is already priced in as so many people were preparing for it, there were no one left to buy, only to dump their bags in disappointment.
This is why bitcoin halving doesn't necessarily have as much effect to the price it used to. I am hoping i am wrong but i have my doubts about the high price speculations.
While true we cannot forget about self-fulfilling prophecies either, in which if enough people believe that some event will happen on the future then that event will come to happen due to the decisions taken by all of those people, I really think the main difference here is the demand that bitcoin has, bitcoin unlike most coins has a use case and it is the most widely used cryptocurrency, this gives it a massive advantage over any coin and despite most people now knowing about the effects of the halving a bull run may still happen.