Litecoin Halving Happening In 4 Hours: Buy Or Sell Signal?

2023-8-2 14:52

The Litecoin (LTC) halving is now here and the event is currently the most-watched among crypto investors. In addition to the anticipation of the cut in rate of supply, there are also speculations around the digital asset and what the current halving could mean for it.

Is It Time To Buy Or Sell LTC?

The question of whether buying or selling Litecoin (LTC) leading up to and following the halving event is a good idea remains on the minds of investors even with just a couple of hours to go. As such, taking a looking at the historical performance around this event could help to determine the best course of action.

The last Litecoin halving event actually saw the price of LTC rise leading up to the event. And like the halving before it, the price of LTC took a big hit not too long after. So far, LTC seems to have maintained a certain level of similarity to the previous halving, which would suggest following the same registered pattern.

If this historical performance is anything to go by, then investors should not expect a surge in price for the altcoin once the halving event is complete. Rather, it is more likely that the price of LTC would correct further downward, losing a good chunk of its early July gains.

The Litecoin Countdown

There is only a couple of hours left to go for the Litecoin halving and it is safe to say that investors are watching the clock closely. Data from NiceHash shows that the event will take place around 15:00 PM UTC, which is about four hours from the time of writing.

Once the halving is completed, the number of LTC miners receive as a reward for mining a block will go from 12.5 LTC to 6.25 LTC. This effectively cuts in half the rate at which new LTC coins are being brought into circulation.

Since the Litecoin blockchain is set up in a similar way as Bitcoin, the halving events are expected to take place approximately every four years until the year 2142 when the last block is expected to be mined.

The maximum total supply of the altcoin is also 84 million, after which no more new coins will be produced. The eventual halt in supply and rising demand is expected to make the coins more valuable as time goes by.

Presently, the price of LTC is sitting at $91.36, recording meager gains of 0.90% in the last 24 hours. However, the altcoin is performing much better on the weekly chart with 2.04% gains.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Halving Coin (HALV) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -0.30 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0589165 (-100%)

halving ltc litecoin buy sell around speculations

Источник: bitcoinist.com

halving ltc → Результатов: 126


LTC упал до минимальной отметки с начала мая: Халвинг не помог монете

Лайткоин (LTC) несет потери вместе со всеми остальными криптовалютами, даже недавний халвинг не смог помочь монете. Напомним, в начале августа награда майнеров LTC сократилась в два раза. Перед этим многие аналитики были уверены, что халвинг положительно отразится на курсе лайткоина, так как предложение монет на рынке сократится из-за того, что добывать их станет менее выгодно.

2019-8-15 19:51


LTC упал до минимальной отметки с начала мая: Халвинг не помог монете

Лайткоин (LTC) несет потери вместе со всеми остальными криптовалютами, даже недавний халвинг не смог помочь монете. Напомним, в начале августа награда майнеров LTC сократилась в два раза. Перед этим многие аналитики были уверены, что халвинг положительно отразится на курсе лайткоина, так как предложение монет на рынке сократится из-за того, что добывать их станет менее выгодно. […]

2019-8-15 18:36


Litecoin Market Analysis: LTC Prices Calm 10 Days Before Another Historic Halving

Today’s Litecoin (LTC) News The link between Litecoin and Bitcoin is more than their shared objectives. Charlie Lee is adamant that Litecoin will always complement Bitcoin. While that is true, because the coin is still based on the proof-of-work consensus algorithm with minor tweaks on block generation times, there are other critical differences. Bitcoin is […]

2019-7-26 16:51


Litecoin takes a nosedive; falls by 5% in an hour as falling trend takes over the charts

The price of Litecoin [LTC] recorded a sudden and significant plunge of over 5% an an hour on July 19. The Litecoin community on Twitter predicted a falling wedge forming in the short-term, with many online now speculating that the coin may fall to the $51- $58 mark, by the time of its halving in […] The post Litecoin takes a nosedive; falls by 5% in an hour as falling trend takes over the charts appeared first on AMBCrypto.

2019-7-19 11:09


Litecoin Price Rebounds 14% as Halving Volatility Looms

Litecoin (LTC) has gained more than 14 percent in 24 hours, surging from a low of $77.60 on Tuesday to a high of $93.05, before dropping slightly to $90.09 where it is currently trading. A Wild Week for the Litecoin Price The move saw the litecoin price outpace its peers as the crypto market struggled […] The post Litecoin Price Rebounds 14% as Halving Volatility Looms appeared first on CCN Markets

2019-7-18 23:15


Litecoin (LTC) Becomes Miami Dolphins ‘Official Crypto’ For 50/50 Charity Raffle At Football Games

Litecoin Becomes Miami Dolphins Official Cryptocurrency Litecoin has become the official partner of the Miami Dolphins, who released a Press Release on 11th July making things official. This partnership would sure give the fourth largest cryptocurrency a massive exposure, and certainly help its cause especially when the Block Reward halving is just around the corner. […]

2019-7-12 16:49


Could Litecoin overtake XRP before the halving?

Litecoin has been surging amid the upcoming block rewards reduction. LTC’s market capitalization recently increased by $2 billion leaving Bitcoin Cash behind. Now, as the bullish trend continues the question is, “will LTC flip XRP?” The Halving Event Fifty-five days from today, at exactly block 1,680,000, Litecoin will go through a fixed process called halving […] The post Could Litecoin overtake XRP before the halving? appeared first on CryptoSlate.

2019-6-12 23:01


Litecoin [LTC] could either shoot for the stars or crash and burn as halving nears, claims analyst

Litecoin [LTC], the digital silver to Bitcoin [BTC], is nearly two months away from its highly anticipated halving. With the price of the cryptocurrency soaring by over 300 percent in 2019 alone and breaking the $100 mark, the halving bulls can either continue their rampage or be overthrown by a bearish onslaught, warns an analyst.

2019-6-10 14:30


Litecoin (LTC) Leapfrogs Bitcoin Cash To Become The Fourth Largest Cryptocurrency After 12% Surge

Litecoin Becomes The 4th Largest Cryptocurrency Surpassing Bitcoin Cash After 12% Surge Litecoin Surges Before Halving Event One of the apparent reasons for this price surge is related to the fact that the digital currency is going to be halving as soon as in August. Rewards for miners are going to be dropping from 25 […]

2019-6-7 21:59


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Litecoin Records Highest Volume Since May 2023, Bullish Sign?

On-chain data shows Litecoin has recently recorded its highest weekly volume since May 2023. Here’s what this could mean for the asset’s price. Litecoin Transaction Volume Has Been Rising Recently In a new post on X, Jay Milla, the director of marketing at Litecoin Foundation, has pointed out that the LTC network has witnessed a […]

Crypto Analyst Puts Litecoin Price At $84, Here’s The Timeline

Since its third halving event was successfully completed in early August, the Litecoin price has fallen off the radar of crypto investors. This was mainly due to the price decline that LTC experienced after heavy profit-taking from investors who had invested leading up to the price surge triggered by the expectations around the halving.