How much of a boost will the halving give litecoin

how much of a boost will the halving give litecoin

With the growth of the Brazilian economy stagnating, can Bitcoin and other cryptocurrencies give the country a boost? августейший 12 This will aid boost internet positions and web traffic. It can help increase the variety of internet The news Bitcoin may offer a less. Among the many current and upcoming blockchain-enabled gaming titles, But can it live up to its name, and bring players Litecoin (LTC)?.

How much of a boost will the halving give litecoin

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Bitcoin Halving Explained Simple - Does it Affect Bitcoin's Price?

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An Ex-Google worker Charlie Lee was the man behind this idea. Litecoin has the notion that it would have a more miner-friendly cryptocurrency environment and that was the main idea behind its launch. The coin was offered in the market keeping in mind that an average person can mine the coin without any sophisticated hardware. The number of Litecoins that exist in the market are 4x more than bitcoin.

Today, Litecoin is considered the finest asset in the crypto market after bitcoin with potential growth over the years. To date, Litecoin has taken a rider by giving a pretty impressive performance throughout the year. This was an awestruck performance but the magic started in October with the market Bull Run was going to over. Coinmarketcap chart shown below:. December a hectic year for Litecoin as the coin finished the year in style.

The market can and volume are considered to be the point that dominate the coins. The larger the cap and volume, the more dominant the coin would be. Same, the Volume of the crypto also matters a lot. If the volume is bullish and rising, however the price falls, traders generally claim that they are in danger of being stuck, and are forced to sell for less than they joined.

So, basically the skin of all this is that if we want the price of any coin to be double, the number of Volume and Cap must be bullish. The cap and volume are both decreased by 4. For some reason, the prices of Litcoin are dependent on Bitcoin. If bitcoin gets over with another bull run, the prices may get high. We can talk very generally and expect that cryptocurrencies would rise above in , , and so on.

Many of the altcoins will rose to an all-time high, as the market will not be the same. A crazy bull run is the only hope for crypto users for a pretty high development in Litecoins. The following potential high and lows are given below to estimate how much Litecoin can go. The halving is supposed to be the main event when it comes to skyrocketing the prices of different assets. Many believe that Litecoin prices will rise in the coming years if the halving occurs. Based on the coming updates, the currency will give a tough knockout to other Cryptos.

The coin is slowly but is gaining more attraction toward crypto users. It offers the best payment methods, affordable fees making it the best choice all over the network. The price prediction of depends on the adoption of Litecoin currency in the coming 5 years. This does not mean that this growth will be consistent. Although it totally depends upon the bull market. The bitcoin prices are directly hitting the CoinMarketCap position of other coins. But again it all depends upon the volatility of the market.

TradingBeasts update their website on daily basis with price prediction of different coins. The prediction is based on the historical data and conclusions are made with the help of regression and correlation analysis. The platform does have a prediction of Litecoin. The prediction is mostly long-term. Long-term predictions are considered to be optimistic somehow. It is believed that LTC will dead drop by a handsome amount at the end of Is Litecoin is going to increase? However, these figures are mostly on the downside of the coin.

The given price values are pretty straightforward. As there are no ways of uprising the value of Litecoin by DigitalCoinPrice. Many factors may affect the price of Litcoin LTC somehow. Halving is expected to occur in upcoming years. More games on the platform may attract investors or there might a case where different physical shops and online stores may accept digital assets.

This depends on how many users are getting introduced to Litecoin in the coming year. Moreover, Litecoin has an accessible approach to the public so there is hope that there shall be more minors that bring more assets and this will affect its price. There are many exchanges from where you can buy Litecoin. But before making a purchase make sure that you a safe wallet to store your LTC.

By then, approximately 0. Litecoin has only had one halving event since it went live on Oct. The first block reward reduction took place on Aug. The event had a great impact on the market valuation of this cryptocurrency, which was perceived before and after it occurred. Following a consolidation phase that lasted more than a month, from Apr. After reaching its peak on July 9, , one and a half months prior the halving, LTC went back down As history tends to repeat itself, the market valuation of Litecoin began experiencing a steady rise since the low of Dec.

Just as it happened in the previous halving, a lot of speculation seems to surround the event, but by the time it takes place most investors could have taken profits dragging the price down. Even though there could still be more room to go up, it is possible that the halving has already been priced in.

Thus, venturing into a long position at this time just because the block rewards are decreasing could be extremely risky. This is one of the most solid projects in the industry that has managed to preserve a spot in the top 10 cryptocurrencies since Watch Litecoin surviving the test of time.

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge. The first quarter of has brought much-needed optimism into the crypto industry, with data showing the first Q1 increase since Charlie Lee, the creator and founder of Litecoin, made a number of bold price predictions over the past few years. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

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