Bitcoin Forum

Hi. Stinking newbie user here!  ;D

As the title says, with the Litecoin halving time nearing, do you think its price will increase after halving? If yes, how much and also please explain your yes/no answers a bit.

Thanks.  ;D

Price could increase before the halving and will dump hard on halving day. Maybe some days before halving day.

Dump on news  ;)

No, Like to Dogecoin price will keep same for a time.

My take is that it will fall afterward.  The excitement and interest comes prior to the halving.  After it, excitement dies out, slowing liquidity and taking the price down with it.

People will sell after the halving, because after that there would be nothing about litecoin to look forward to.

I don't think a litecoin halving will have the same effect on price as a Bitcoin halving. Litecoin isnt really seen as an investment as much as bitcoin is, so a decrease in inflation might not mean much.

Pretty much everybody expects the halving so I think people overvalue the immediate significance of it so it likely won't increase much.

From another perspective, every single day there are roughly 389 BTC worth of LTC being mined. But considering the daily volume (at the moment) is 16178 BTC or $4.5million , it's safe to say that even if that 389 BTC worth of LTC would get dumped everyday, the market could easily soak that up without it having any effect on the price. So halving that 389 BTC will only have any significant effect on the price is a physiological psychological one if people en masse fail to realise the math behind what I just pointed out.

Edit: typo

With the recent pump of litecoin, many think the halving is already priced into LTC.
So after it does happen, there may not be much change.
I expect the litecoin price to eventuality stabilize around 0.01 btc.

When is the halving? I'd say probably not as there's not that much demand for litecoin really. Might see some people panicking and buying it beforehand though.

In around 1 month.  :)

psychological :)

I know, right? When Doge was released I went to take piss and when I came back it was halving. I'm kind of confused as to why it didn't sky rocket.

Yes, that :)

Sorry. I just had to say something. I'm making my run for full member here. :)

This is what I was thinking.  The halving push maybe already happened, but I do expect it to go up after the halving.  Just not a huge spike or anything.

I think we can eek out a few more dollars before the halving, maybe to $6 again.

I don't know if the price will plummet afterward as the mining will need to stay somewhat profitable, combined with the fact that miners will have less coin to dump on the market everyday. Maybe the quick buck miners will drop out and the mine and hold types will stay keeping the price a bit higher.

Reading all the comments, what I figured out is that the cryptocurrency hive mind believes that the price will increase, but not big time and not for long.  ;)

The crypto-currency hive mind is a contrarian indicator.

no it will dump hard a couple days before halving

This part of the hive mind expects that outcome, yes. To be more precise I expect it to rise somewhat before the halving and then to fall.

I am not expecting a huge rise at this point, perhaps to $6, but who knows?

I also would not expect a huge decline once the halving has happened, perhaps it will settle in where it has been now for the past days, in the $3-$4 range. I can't help but think with the reward being cut in half, the quick buck miners will leave and the true believers will stay on, and not want to liquidate their coins so cheap.

Of course, this mindset fits well with how I have invested so far, so maybe it is all just wishful thinking, I guess we will all know in a month or so.

If it follows the pattern of many other coins I've seen the price will rise UNTIL the block reward reduction but not meaningfully afterward.

Of course, the real answer is that there is no way to know.

The key thing for Litcoin is if anything new is being added for it to be used for.  It used to be the undisputed alt coin king, but now I'm not so sure.  This price run up has been exciting however.

Good Luck!

Yes of course the price will rise near halving and not because of the halving but because of the whales controling the market.

the price will be the half  ;D

just joking i hold LTC too

https://bitcointalk.org/index.php?topic=1129854.msg11934293#msg11934293 (https://bitcointalk.org/index.php?topic=1129854.msg11934293#msg11934293)

Also, I would like to add that LTC seems to follow the price of bitcoin pretty closely as far as ups and downs, but also seems to change at a greater rate.  This does not necessarily mean it will always do so, but the price of BTC at or near halving may have a big effect as well.

price halving is most probably going to start before the halving and continure through it

Because the coins that were mined before aren't suddenly cut in half.. It only reduces the incoming new coins.

https://i.imgur.com/3BgIXCx.png

Yes it moves more thats why people trade it, easy money.
https://i.imgur.com/r56N1bS.png

Fair enough.
However, don't you you think that the volum  will decrease ~1 month after halving? Since the  supply is decreasing, thwre has to be some fluctuation if not a major one.

With the numbers from my quoted post the number of coins that won't be mined anymore after the halving amounts for 1.2% of the daily traded volume. The volume at the time of writing this is 7890 BTC which turns the same number into 2.46%.
So while the volume fluctuates a lot, I think a conclusion can be drawn; the halving should have a negligible effect.

However, I think the price will change a lot more than that but mostly because of psychological reasons and market manipulation.

I personally don't hold LTC as I think it's too scary to invest in it because it seems its market is heavily manipulated so while people are accumulating LTC and waiting for a prince increase, the whales might exploit that so we might see a price decrease.

I'm curious to see what will happen though.

Considering it's something that everyone knows and that is foreseeable, the price won't change.

In other words, the current price already reflects what we know in a foreseeable future.

nobody can foresee the future but with the amount of hype that litecoin has it is very possible to go up

That is valid :P
I'm, eager to see how LTC performs in the coming few weeks. I'll be looking out for whales dumping :p

New whales are going to emerge.. This is the time to start gathering like no tomorrow :D

Thanks, those are some beautiful charts :)

i bought some litecoin in order to keep with the tide and earn the pump profit :)

hmm wise decision. I hope that you make a decent profit off the pump .
Just don't be too greedy and sell ltc at the right time.

It looks like 0.017 is the peak for litecoin.
The halving was already priced in the last litecoin huge pump.

Looks like it DID increase.  ;D

I didn't buy and now I'm crying!  :'(

What happened after Bitcoins halving time
https://i.imgur.com/7BDWmj1.jpg

Nothing. The massive pump had nothing to do with the halving in that case.

Agreed. The fact that a block halving is the most exciting thing to happen to LTC in the last 12 months is pretty telling.

hey according to me the best thing to litecoin is not block halving.
But it's the huge pump to $9, anyone agree???