Again, Miners are underwater, I mean pretty much all of them unless you count the latest 2k and 3k Insilicon scrypt-pow miners for LTC.
Thus in less than 16 days and about 18 hours, that will become at $100 LTC now the equivalent of mining at $50 instead of $100 USD and thus
you are 2x underwater than you were before the halving.
LTC halving clock:
https://www.litecoinblockhalf.com/To continue down this path, you also could say you need $200 LTC to make what you are making the next 16 days and 18 hours to break underwater
at the $100 usd LTC you have now. Thus, no worse off, but no relief either for miners even at $200 LTC.
Not really, sure that LTC POW mining can survive this. My logic goes like this. (Hope I am incorrect).
The other 'elephant in the room' is that MOST (I'd guess 65% plus) of all scrypt-pow miners are Bitmain L3+'s. Which under the above scenario
and prices now would be 'turned off' likely, as folks realize more $$$ are going in for electric than going out. This is to be expected. But because
so MANY of the miners are this particular (Bitmain L3+) model and have such a large percentage of scrypt pow, every time the price goes up (say $200) and these units, break-even in
price, even a little bit, blamo, they will go back up. We could be seeing some very odd yo/yo action on difficulty and price with this bit of equipment
banging in/out about the LTC mining ship, due to heavy seas. No new equipment worth making at difficulty and prices and old equip dumping in/out of a depressed
LTC market. Yech!
Only hope after halving for any action on LTC price, IMHO, is mimblewimble or some other innovations. Without that, Litecoin could be in some real
trouble on the pow mining front, sense of purpose, and of course the price after halving.
It is looking very, very ugly.
Brad