🔥 Litecoin Halving In Two Weeks: Bad News For Holders! 🚨
In this analysis I want to take a look at the upcoming LTC halving event and the impact it has on Litecoin's price.
I chose to plot the LTC/BTC chart since it give a perfect view of the relative performance of Litcoin against the top crypto Bitcoin. A rising value means that LTC gains against BTC, and a declining line means that LTC loses value against BTC.
We can deduce a couple of interesting things from this chart.
- The LTC/BTC value always sees some kind of pump in the last 6 months to the halving. Furthermore, the LTC/BTC value tops well before the halving actually takes place.
- After the LTC halving, the LTC/BTC value has (thus far) never continued to increase in value after the halving. Actually, the halving was always the start of a very long bear trend.
Seeing the above, we can assume that the LTC halving will NOT have a positive impact on Litecoin's value against BTC. Sure, LTC can see an increase in value, but BTC will most likely outperform LTC.
Use this info to your advantage. Share your thoughts in the comments 🙏
I chose to plot the LTC/BTC chart since it give a perfect view of the relative performance of Litcoin against the top crypto Bitcoin. A rising value means that LTC gains against BTC, and a declining line means that LTC loses value against BTC.
We can deduce a couple of interesting things from this chart.
- The LTC/BTC value always sees some kind of pump in the last 6 months to the halving. Furthermore, the LTC/BTC value tops well before the halving actually takes place.
- After the LTC halving, the LTC/BTC value has (thus far) never continued to increase in value after the halving. Actually, the halving was always the start of a very long bear trend.
Seeing the above, we can assume that the LTC halving will NOT have a positive impact on Litecoin's value against BTC. Sure, LTC can see an increase in value, but BTC will most likely outperform LTC.
Use this info to your advantage. Share your thoughts in the comments 🙏
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