Fresh Altcoin Season Set to Begin with Litecoin’s Upcoming Halving

2019-5-30 23:54

Cryptocurrency analysts are projecting an altcoin rally powered by the upcoming Litecoin halving slated for August 2019.  Ahead of the halving, Litecoin has embarked on a bullish run. The entire market is closely tracking Litecoin to see its impact, especially on altcoins.

Beforehand, Litecoin halving resulted in the rallying of the cryptocurrency market. LTC was actually the catalyst that helped put Bitcoin’s bear market to a bottom point, leading to a short term altcoin season.

By the time of writing this article, Litecoin was trading at $116 with a market capitalization of $7.2 billion, and altcoins are starting to rev up. At the moment, the entire market is on a positive momentum with Bitcoin taking the lead, currently trading at $8,662.16.

The value of the digital asset has increased with investors anticipating an offsetting of supply and demand that will drive the price to a New All-time high. When the entire crypto market seemed shaky, Litecoin was the only asset that mostly remained green.

The asset has also played a big role in the crypto market recovery. The fact that Litecoin assisted Bitcoin to surpasses the $8k mark cannot be ignored. At this point, Bitcoin is setting eyes on the $9000 mark. Compared to Bitcoin, Litecoin has gained 10% against the LTC/BTC pair.  Going into the future, Litecoin is expected to gain further based on technical analysis.

Surpassing the $100 mark means that Litecoin is targetting the $150 resistance level. At the same time, the $100 price level needs to be observed keenly. In case the value drops under $100 this can be a major concern for the Litecoin community. However, a drop below $100 is unlikely for now.

The post Fresh Altcoin Season Set to Begin with Litecoin’s Upcoming Halving appeared first on ZyCrypto.

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Litecoin (LTC) на Currencies.ru

$ 82.84 (-1.40%)
Объем 24H $392.363m
Изменеия 24h: -1.82 %, 7d: -5.30 %
Cегодня L: $82.74 - H: $85.41
Капитализация $6.178b Rank 21
Цена в час новости $ 112.1 (-26.1%)

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Источник: zycrypto.com

litecoin halving → Результатов: 35


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Фото:

More Litecoin Addresses Holding At least 100 LTC Are Created Ahead Of The Halving Event

The upcoming Litecoin halving on August 2nd has generated heightened trader enthusiasm and interest in the cryptocurrency market. As the event draws nearer, more investors and traders have become aware of its potential impact on Litecoin’s supply dynamics, leading to a notable increase in the creation of new addresses holding at least 100 LTC. The […]

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Халвинг Litecoin породил временный и слабый рост криптовалюты

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2019-8-6 11:04


Фото:

Халвинг Litecoin 5 августа: как реагирует рынок криптовалют

Влияние уменьшения предложения Litecoin на его цену будет позднее, но какое? Остались считанные часы до момента, когда произойдет халвинг Litecoin (LTC). Это будет означать, что на блоке 1 млн 680 тысячном упадет и будет дальше поддерживаться на новом уровне объем вознаграждения.

2019-8-5 11:01


As Litecoin’s halving approaches, will LTC’s price surge, correct, or consolidate?

Five days from today, Litecoin will go through a process called halving. This is a fixed event that occurs every four years after 840,000 blocks are mined, reducing block rewards by 50 percent. As the date approaches, how will LTC trade? Litecoin Technical Analysis At the moment, it seems like Litecoin could be mimicking its behavior […] The post As Litecoin’s halving approaches, will LTC’s price surge, correct, or consolidate? appeared first on CryptoSlate.

2019-8-1 23:29


Litecoin [LTC] to peak only after 2021; halving may not shoot up coin’s prices in the near term

The debate of cryptocurrency halving and the impact on its price has been a long-standing one. The virtual assets’ industry is still in its formative years. Even as there are many speculations regarding the halving event and its impact on the price of the digital asset, facts provided to back up those speculations are not […] The post Litecoin [LTC] to peak only after 2021; halving may not shoot up coin’s prices in the near term appeared first on AMBCrypto.

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