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What You Need To Know About Litecoin Halving in August 2023

Crypto experts reveal that LTC actively rallies before its Halving.Historically, after the Halving, a temporary reversal is seen for LTC.Crypto analyst Rekt Capital believes that...
What You Need To Know About Litecoin Halving in August 2023 © Reuters What You Need To Know About Litecoin Halving in August 2023
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  • Crypto experts reveal that LTC actively rallies before its Halving.
  • Historically, after the Halving, a temporary reversal is seen for LTC.
  • Crypto analyst Rekt Capital believes that there are chances that in May 2023, LTC top 92 days before halving.

Crypto experts believe that the next Litecoin (LTC) halving is scheduled to take place in August 2023. As a result, based on past records, we have penned down what Litecoin’s value tends to be before and after the halving.

Data from TradingView reveals that LTC actively rallies before its halving. For instance, before its first halving, LTC bottomed 122 days and rallied +820%, and post-halving, LTC rallied +14200%.

Again before halving for the second time, LTC bottomed 243 days and rallied +550%. After halving 2, LTC rallied +1574%. This points out the conclusion that LTC is likely to rally more post-halving when compared to that pre-halving.

After the halving, a temporary reversal is seen for LTC. LTC retraced -73% in the 578 days after the first halving, and the coin retraced -83% in the 458 days after the halving 2.

As per crypto analyst Rekt Capital, yet another tendency that is seen in LTC’s case is that it often tops out just before the Halving. For instance, before the first halving, LTC topped 31 days and it also topped 61 days Pre-Halving 2. Consequently, there are chances that in May 2023, LTC top 92 days before halving.

Alternatively, pre-halving tops might also come in doubling fashion which would typically happen in April 2023.

Another crucial point is that the pre-halving rally lasted for 90 days in halving 1 and it lasted for 180 days in the Pre-Halving 2. Thus, with that doubling rate, pre-halving 3 rally might last for 360 days.

Additionally, LTC is forming a Macro Wedge implying the possibility that price compression might occur too.

The post What You Need To Know About Litecoin Halving in August 2023 appeared first on Coin Edition.

See original on CoinEdition

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EUR/USD

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    EUR/USD 1.0768 ↑ Buy  
    GBP/USD 1.2559 ↑ Sell  
    USD/JPY 147.14 Buy  
    AUD/USD 0.6552 ↑ Buy  
    USD/CAD 1.3592 Neutral  
    EUR/JPY 158.44 Neutral  
    EUR/CHF 0.9418 Neutral  
    Gold 2,044.05 ↑ Sell  
    Silver 24.262 Neutral  
    Copper 3.7378 ↑ Buy  
    Crude Oil WTI 69.61 ↑ Buy  
    Brent Oil 74.30 Neutral  
    Natural Gas 2.572 Sell  
    US Coffee C 175.85 ↑ Buy  
    Euro Stoxx 50 4,483.75 ↑ Sell  
    S&P 500 4,549.34 Sell  
    DAX 16,656.44 ↑ Sell  
    FTSE 100 7,515.38 ↑ Sell  
    Hang Seng 16,474.00 Buy  
    Small Cap 2000 1,851.25 ↑ Sell  
    IBEX 35 10,258.10 ↑ Sell  
    BASF 44.440 ↑ Buy  
    Bayer 32.39 ↑ Buy  
    Allianz 240.95 Buy  
    Adidas 197.00 ↑ Sell  
    Lufthansa 8.585 Sell  
    Siemens AG 160.92 Neutral  
    Deutsche Bank AG 11.670 Buy  
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