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Everything you need to know about Litecoin Halving👨‍🏫Hi everyone👋 (Reading time less than 5 minutes⏰) . In this post, I tried to share all the information you need about Litecoin Halving. (in terms of Fundamental and Technical ). 📚First, let's learn more about Halving and especially Litecoin Halving .📚 💡 What is a block-halving event ❗️❓ As part of Litecoin's coin issuance, miners are rewarded a certain amount of litecoins whenever a block is produced (approximately every 2.5 minutes ). When Litecoin first started, 50 litecoins per block were given as a reward to miners. After every 840,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2142 ). As of now, the block reward is 12.5 coins per block and will decrease to 6.25 coins per block post-halving. 💡 Why was Litecoin Halving done ❗️❓ Litecoin was designed as a deflationary currency . Like gold , the premise is that over time, the issuance of litecoins will decrease and thus become scarcer over time. As litecoins become scarcer and if demand for them increases over time, Litecoin can be used as a hedge against inflation as the price, guided by price equilibrium, is bound to increase. On the flip side, fiat currencies (like the US dollar) inflate over time as its monetary supply increases, leading to a decrease in purchasing power. This is known as monetary debasement by inflation. A simple example would be to compare housing prices decades ago to now, and you'll notice that they've increased over time! 💡 What is the Litecoin Halving History ❗️❓ Litecoin has had two halving events already - one in 2015 and another in 2019 . In turn, while the block mining rewards were 50 LTC in 2011 when Litecoin was created, they are currently 12.5 LTC per block, and after the 2023 LTC halving, they’ll be 6.25 LTC. 💡 When is the Next Litecoin Halving ❗️❓ The next Litecoin halving date is expected to be 02 Aug 2023, 17:19:28 UTC . -------------------------------------------------------------------- 📈 Technical : Now that you have obtained the required information about Litecoin Halving, let's look at the technical chart conditions when the halvings happened. If you pay attention to the chart, you will notice that Litecoin always starts to grow and break the downtrend lines a few months before the Halving of Litecoin happens. In fact, when Litecoin Halving happens, Litecoin is in a downward trend . The beginning of the decline of Litecoin from the time of the price peak to the time when the halving of Litecoin took place in the previous two halvings was about 49 days , and if there is a similar happen in this halving, the price peak is expected in the next week or two and in the 🔴 resistance zone($150-$132) 🔴. In fact, Litecoin's price increase is likely to be similar to the previous halving and is accompanied by a fake breakout of the 100-SMA . The price drop seems to happen in such a way that the Uptrend line breaks down for a few weeks, but the price starts to grow again; of course, we have to check the cryptocurrency market conditions at that time. In general, if we look at the weekly chart of Litecoin , there is a possibility of forming an ascending triangle in the long term. What is your opinion❗️❓ -------------------------------------------------------------------- According to the explanation above, do you think that the movement of Litecoin is like the previous two halvings❗️❓ Litecoin Analyze ( LTCUSD ), Weekly time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BINANCE:LTCUSD
by pejman_zwin
34
(LTC) ON THE ROAD TO ===> 1000 $ +Hello everyone ! Today the Black Cat Trader is analyzing LTC based on a weekly chart 🐾 📈 What we can see : - LTC broke its downtrend line but got rejected by the 0.618 fib extension which matches also with the intermediary lower line of the pitchfork - Actually, prices are sitting on the SSB which acts as a very strong support. - By using Fib retracement combined with Trend-Based Fib Extension we can identify concordance. What we can expect : - To go higher, LTC must hold its SSB support and break the 0.618 fib extension and the intermediary lower line of the PF to reach the upper levels (always wait for the lagging span confirmation) - If LTC failed to hold support on its SSB, then we can expect prices to bottom at 194 $ where there is : EMA21 / Downtrend Line / Uptrend line / Lower line of the PF Targets 1 : 705 $ (Fib extension : 1.618 / 2) Targets 2 : 1030 $ (Fib extension : 2.618 / 3) Targets 3 : 1448 $ (Fib extension : 3.618) IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
KRAKEN:LTCUSDLong
by Hector_Bienvenu
7
LTC/USDTBreak out coming .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Long
by Crypto-IR
2
Litecoin & Tom Lee are about to explodeHi, Take a look at this bullflag not bad Market makers will probably leave Link or AAVE on the side a little ! Important thing to notice is that LTC confirmed support on the neckline and his ready to breakout soon. Very very nice W pattern, juste take a look at your M Chart ! 2013 bullrun hit 55$ 2017 bullrun hit 421$ (4 years later) 2021 will go where? (8 years later) Mr Fibonnaci say around 1360$ (361.8%) 2025 will go where? (12 years later) Neckline betweeb 121 and 146$ Take a look at LTCN new Grayscale Litecoin new products!
LLong
by Crypto_Mercy
Weekly price speculation at LTCBUSD - Targets drawnTechnical analysis regarding the price of LITECOIN in relation of dollar attached to Binance for the next scenarios, based on weekly movement. The price broke the maximum price of the 3rt sail at the beginning of the LITECOIN movement, making this region a support. The price retracted to that region, performing a pullback (current candle, touched and is already retracting), making its correction and continuing its impulse waves (Elliott Theory) The chart shows the targets that the price may reach, based on a longer movement of time. I believe in the arrival of this value for the next moments. Apparently we are in an Altseason, with this globalization / expansion of people's knowledge in relation to cryptocurrencies, which is bringing several viewers and buyers to the market. disclaimer *** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
LLong
by luizhcruz