LTC halving , what to expect?

[mikeywith]

 LTC halving is only 11 days 11 hours away, I started to see some FUD surrounding this event,  some people talk about price drop because of the decrease in security that is about to happen since many miners will leave the network after the halving, some go to the extent of saying LTC is going to be dead , some are bullshiting on the exact opposite side saying price will go to ATH right after the halving because supply will be decreased by half.


My thoughts on this are:

Nothing major is going to happen after the halving, neither price nor hash rate will be affected by much.


The reason why i think so, is simply because I am a believer in the theory of  "History repeats itself" and based on the previous halving, or the 2 halvings that BTC had, nothing out of the ordinary happened after any of those halvings !.

1- Price wise:


https://bitinfocharts.com/comparison/litecoin-price.html#log

After the previous halving ,price stayed leveled for many months then went up because BTC was going up and the crypto market in general was having a good time , the world did not care about missing 25 LTC every 2.5 mins after the previous halving , and the world most likely won't care about 12.5 LTC less every 2.5 mins 11 days from now


2-Hashrate wise:


https://bitinfocharts.com/comparison/litecoin-hashrate.html#log


Nearly the same exact thing as the price, hashrate kept it's normal progression and slowly increased, and since mining is profitability based, who cares if their rewards are cut by half as long as they are still making profit by the end of the day?

also the fact that LTC price is more likely than not going to increase in the long the run, adding to that the fact that more efficient gears should hit the market when price increases , it's almost certain that hash rate will only continue to increase, therefore - nothing about security is getting affected by the halving.


I could be wrong , but I place most of my thoughts on numbers from previous similar events, feel free to share your thoughts and correct me if I made a mistake somewhere.

[Milamol]

I think the main factor is that LTC is altcoin. And also the fact that it is BTC fork. Therefore, each halving will not have such a large impact on the price, as many expect. In addition, after each division in halving there will be less and less emissions. It also reduces the impact on the price due to the large number of altcoins, since the new money is scattered throughout the cryptocurrency market and there is not a large increase in demand for LTC.

[SvonioneFromMangoCoinz]

I disagree with your thoughts. You are an individual, and you are not mining Litecoin so you will not understand their influence.
If the price of Litecoin will not increase in the coming days, it is certain that there will be many miners from mining Litecoin -> the processing time of blocks will be longer and litecoin will definitely continue to decrease.
In order to improve this, Litecoin itself will begin to buy and push the price of the coin higher and offer certain events to increase purchasing power.
In fact, everyone is very interested in halving events, but litecoin is quite unfortunate when halving occurs at the time investors only focus on Bitcoin.

[mikeywith]

and you are not mining Litecoin so you will not understand their influence.

It's funny how you assume that I don't mine LTC , I don't remember hiring you to manage my gears.

If the price of Litecoin will not increase in the coming days, it is certain that there will be many miners from mining Litecoin -> the processing time of blocks will be longer and litecoin will definitely continue to decrease

I don't want to be mean, but really you need to educate yourself about basic mining concepts, things don't work like that.

With all due respect, almost everything you said is wrong , not because I think it is, but you are wrong about technical/mathematical facts , there is no way I can have a healthy discussion with someone who thinks block-time will be longer due to halving.

[Novatech8]

Huge Hype one after the other until litecoin keeps losing value after the halving,litecoin halving wont have huge  benefit on crypto market like how bitcoin halving will,litecoin seem to surge in value only when big news is out for the coin or bitcoin bullrun drags it along

[FrozenBit]

 I totally agree with you. Litecoin only has the highest price of $ 135 and now it quickly falls to $ 94 and never grows because of the Halving event. everything has ended and it will be a bad thing for Litecoin's loyal miners.
In the near future, Litecoin will have to deal with their blocks when many miners will no longer exploit litecoin.

[Erickan]

I totally agree with you. Litecoin only has the highest price of $ 135 and now it quickly falls to $ 94 and never grows because of the Halving event. everything has ended and it will be a bad thing for Litecoin's loyal miners.
In the near future, Litecoin will have to deal with their blocks when many miners will no longer exploit litecoin.

Without any basis to prove your point is correct, Litecoin is also an altcoin top, it will also follow the trend of bitcoin. If someday in the near future, even the crypto market suddenly increases strongly from outside sources, Litecoin will also increase its price strongly. The insistence of litecoin is also a very important factor for it to increase in the future.

[Dreamchaser21]

Huge Hype one after the other until litecoin keeps losing value after the halving,litecoin halving wont have huge  benefit on crypto market like how bitcoin halving will,litecoin seem to surge in value only when big news is out for the coin or bitcoin bullrun drags it along

Every coin have their own hype, they needed that so LTC can survive. This halving is a great progress for LTC, we can’t know the future and the price of LTC can still go up. Though its cheap right now, I’m still confident for the future of the top altcoins like LTC.

[barbara44]

The success of these coins is not tied to all these conditions that we think they rely on. I remember some months back when many people were really hoping for this LTC halving to start affecting the price positively at least 2 months before the halving, but look at few days to the halving, it seems that LTC is even dropping more, which means that the halving may have no impact.

Rather than looking for all these artificial boost, we need to push the team of LTC to really make their technology a working product, they need more strategies that goes beyond the one they are currently applying in now, it is only when they keep coming up with different strategies that their products can continue to be recognized and used by the end users, only the end users can push the value of the coin to its peak.

[Mahanton]

The success of these coins is not tied to all these conditions that we think they rely on. I remember some months back when many people were really hoping for this LTC halving to start affecting the price positively at least 2 months before the halving, but look at few days to the halving, it seems that LTC is even dropping more, which means that the halving may have no impact.

Rather than looking for all these artificial boost, we need to push the team of LTC to really make their technology a working product, they need more strategies that goes beyond the one they are currently applying in now, it is only when they keep coming up with different strategies that their products can continue to be recognized and used by the end users, only the end users can push the value of the coin to its peak.

Cant blame people yet anytime there that kind of event specially halving one then the mindset of most people would really be a tremendous price increase but
as said not all fundamentals or news that related to coin would be similar where it can give out positive impact and take a look on example with bitcoin price on last quarter each year where people hope or expect for price increase but it didn't happen.

[kabit9]

well the halving is already priced in nicely. i expect hashrate to fall after halving as it will become alot less profitable for miners to keep mining LTC.

[Juse14]

I just hope, with these halving the price maybe can drop first before make some fomo. Sometimes the party started can be late, i already sell my litecoin went i buy around 80-90$ at 120$ price. Waiting for a nice catch again at LTC.

[disconnectme]

As for Litecoin Halving the price has been priced into the price already and is one of the coins this year that has outperformed BTC at some time, concerning the price dump, this could happen provided the price of the coin did not move or reflect the change in mining reward

[akram143]

Probably may go in the right direction only we can expect the future of LTC because we are getting difficult situation in each and every time after the investment if people will not comfortable with what they are investing is not good for the project to be successful and valuable

[knuckey]

Many people hope that halving now will trigger a skyrocketing Litecoin price to reach its ATH, but until now Litecoin has not shown a positive trend and tends to follow market movements. I think it's very difficult to reach ATH, but hopefully there will be a pump that will happen in the near future.

[fourpiece]

What to expect when a coin is doing halving it will go up for sure, just like what happened to bitcoin from its last halving the price go up. So litecoin will go onbthe same road like bitcoin.

[fullhdpixel]

Probably may go in the right direction only we can expect the future of LTC because we are getting difficult situation in each and every time after the investment if people will not comfortable with what they are investing is not good for the project to be successful and valuable

All LTC need is to create more awareness for them to get adoption. What I see about LTC is that it seems they are quite too stingy about their promotions, maybe they don’t want to spend money because I am basically not hearing much about them again, except this halving that people had already kept in their mind for a long period of time.


Everyone is hopeful that LTC will reward miners, and virtually has a very big positive effect on the value but till date, I have still not seen anything about LTC value that shows they are going on halving or shows that the halving activities will be favorable to them as we all think. Well, we should not keep all hope too much in getting any surprise from the halving of Litecoin, I belie there will still be not much difference.

[omonuyak]

I believe that litecoin halving is going to create it bullish trend that may enable it to cross $200. Those thinking that litecoin is going to die because of halving has not been following events in crypto world. Some of us have been here for long terms and we can actually testify what happened to others coins why halving. The last litecoin halving bring significant increase in price and we are expecting the same thing to happen.

[juperos]

 It seems that LTC has re-checked and many investors have bought Litecoin at high prices.
After this event, I saw the power of Bitcoin, it overshadowed the other great events that were about to take place.
Therefore, I think the price of Litecoin can only reach the highest of $ 100 in Q3.

[Vispilio]

I think the real problem with Litecoin is that its fundamental value proposition has been completely eclipsed by better altcoins.
Charlie Lee always seemed content to market his project as primarily a cheaper payment method in comparison to Bitcoin...

It is unclear and highly doubtful that Litecoin can propose any other added value to the crypto space, and even as a cheaper form of payment, there are already various altcoins that accomplish this on top of offering many other functionalities and technological innovations...