Hello friends Litecoin completes its third halving two days ago after four years of waiting, Despite expectations of price increases, the value of Litecoin decreases by 6% after the halving.
which means that the rewards for mining have been cut in half. Despite the price drop, there are positive metrics indicating an increase in Litecoin usage. The total number of unique addresses has increased significantly.
Active addresses and daily transactions have also experienced a notable increase. Total volume and hash rate have also increased considerably.
Despite the positive data, the Litecoin price has not shown significant growth after the halving, where a downward trend is observed followed by a gradual recovery.
I don't keep track of litecoin but you could say that it is possible that the price will continue to fall until the end of this month or even the next one, and then pick up momentum.
It must be taken into account that the price increase after a halving does not occur immediately, sometimes it usually takes months or years, but if a considerable increase has been seen before a halving, this serves as an example for the next Bitcoin halving. .
Something very important is to be attentive to the behavior of Bitcoin, since it can influence additional falls or an increase in the price since bitcoin tends to influence the price of Litecoin a lot.
Litecoin price review |
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How can we see in the graph the price of Litecoin was around 102 dollars before the halving and had a drop of 20 dollars in recent days, which makes me understand that the opportunists are taking advantage of the best moment to buy for what they could expect price rise but not significant.
In conclusion |
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I sincerely expected an increase in the price of Litecoin despite the fact that some numbers are favorable, the fall has been imminent and many analysts on Twitter predict that the price will continue to fall to 60 dollars, which in my opinion is somewhat exaggerated, but the stage is set for any event.
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Link Twitter
https://twitter.com/joel_jai1/status/1687862365868744704
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