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Author Topic: LTC halving , what to expect?  (Read 568 times)
ene1980
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August 06, 2019, 08:24:25 PM
 #41

I view Litecoin as a live testnet for Bitcoin.

Apart from that, it really serves no purpose to exist.  Charlie Lee is such a flaky character too. Its a shame, he could easily have avoided all the publicity, but yet he chooses otherwise.
Nothing wrong in being a celebrity and Charlie Lee did reveal that he has sold all of his holdings in Litecoin when the market rallied last time, he started Litecoin by copying the source code of bitcoin and it was a fun project for him and he made his profits and he is happy with his creation, i am expecting the price to increase during the halving and the project is indeed like a testnet for bitcoin but some merchants and gambling sites are accepting Litecoin which gives them more valuation.




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August 06, 2019, 09:43:27 PM
 #42

I view Litecoin as a live testnet for Bitcoin.

Apart from that, it really serves no purpose to exist.  Charlie Lee is such a flaky character too. Its a shame, he could easily have avoided all the publicity, but yet he chooses otherwise.
Nothing wrong in being a celebrity and Charlie Lee did reveal that he has sold all of his holdings in Litecoin when the market rallied last time, he started Litecoin by copying the source code of bitcoin and it was a fun project for him and he made his profits and he is happy with his creation, i am expecting the price to increase during the halving and the project is indeed like a testnet for bitcoin but some merchants and gambling sites are accepting Litecoin which gives them more valuation.
What do you mean when you say "during the halving"?
In fact the halving has already been done https://www.litecoinblockhalf.com/
The next one is in 4 years, in august/summer 2023 so if you are waiting for a halving pump, I think it's too late now, it will not occur anymore... but a dip may occur... Be careful
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August 06, 2019, 11:26:12 PM
 #43

Currently, I expect the price to first dump or correct due to the market condition of the sentiment of buying more of bitcoin than altcoins. Towards the end of the year, the price might double, I will do myself a good by trying to hold as my purchasing power entails.
If you can make a wait before halving start again. But we really not sure of this halving that it will make a huge market jump or it will stay the same.
We know LTC isn't giving up even we have been experiencing market crisis and still been strong after all but never to expect that it will make another ATH this year rather than to stay at low.




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August 07, 2019, 05:40:16 AM
 #44

If we talk about what to expect from LTC halving, we want to see LTC price can back to the higher price and it is on the way to increase, but unfortunately, LTC needs to wait for more so the price can start increase. We need to wait and see when the price can increase and right now, we have more time to buy more LTC if we want. But don't forget that the increase in the price can happen at any time and we should prepare for the coming time, so we don't be late to sell the LTC.



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August 07, 2019, 06:06:56 AM
 #45

Its hard to say what will happen with the price. The halving effect might take days or weeks.

I would say if we were in a sideways market then most likely LTC would dump because the halving was nothing more than a "Buy the rumor, sell the news" kind of deal. And also the fact that everybody was assuming it would rally since less daily supply and since the retail traders think that it means the opposite will most likely happen.

However the issue is that BTC is rallying hard and in a few months might hit a new ATH and if it hits a new ATH then most likely so will LTC. So if LTC rallies within the next few months its hard to tell if its from the halving or from the BTC rallying.

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August 07, 2019, 01:28:41 PM
 #46

However the issue is that BTC is rallying hard and in a few months might hit a new ATH and if it hits a new ATH then most likely so will LTC. So if LTC rallies within the next few months its hard to tell if its from the halving or from the BTC rallying.
in fact it is the beginning of an increase in LTC. bitcoin rally is needed to strengthen the adoption of LTC, and when demand increases, the price of LTC will strengthen with reduced inventory due to halving. That won't happen instantly. the process is being done, we all have to be patient.

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August 07, 2019, 05:31:37 PM
 #47

However the issue is that BTC is rallying hard and in a few months might hit a new ATH and if it hits a new ATH then most likely so will LTC. So if LTC rallies within the next few months its hard to tell if its from the halving or from the BTC rallying.
in fact it is the beginning of an increase in LTC. bitcoin rally is needed to strengthen the adoption of LTC, and when demand increases, the price of LTC will strengthen with reduced inventory due to halving. That won't happen instantly. the process is being done, we all have to be patient.
As we can see it's the beginning of LTC dump. I saw the statistic that count of LTC miners didn't decrease after halving. It means that LTC leaves good for mine and hold. But for short speculation LTC is poor. Nothing interesting now


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August 07, 2019, 06:57:12 PM
 #48

buy the rumors sell the news,
I think after the halving we are going to see a sharp drop at the price. And then we are going to see a correction and the consolidation. This could also trigger the global altcoin sell which will increase BTC dominance more.
What you said is really what is happening now. It is the reason why I completely depends on technical indicators whenever I have decided to invest into a coins! Litecoin halving has had it infect on the market before it  happens and since the day before yesterday we have been seeing it moving below $100. I was thinking that it should pump but it has remained within the prediction of the technical indicators.
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August 07, 2019, 07:00:58 PM
 #49

buy the rumors sell the news,
I think after the halving we are going to see a sharp drop at the price. And then we are going to see a correction and the consolidation. This could also trigger the global altcoin sell which will increase BTC dominance more.
What you said is really what is happening now. It is the reason why I completely depends on technical indicators whenever I have decided to invest into a coins! Litecoin halving has had it infect on the market before it  happens and since the day before yesterday we have been seeing it moving below $100. I was thinking that it should pump but it has remained within the prediction of the technical indicators.


Halvings have fundamental influence on supply. They are not a rumor or news.  They will just help price of Litecoin to increase in future and also in recent past.

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August 07, 2019, 07:02:53 PM
 #50

However the issue is that BTC is rallying hard and in a few months might hit a new ATH and if it hits a new ATH then most likely so will LTC. So if LTC rallies within the next few months its hard to tell if its from the halving or from the BTC rallying.
in fact it is the beginning of an increase in LTC. bitcoin rally is needed to strengthen the adoption of LTC, and when demand increases, the price of LTC will strengthen with reduced inventory due to halving. That won't happen instantly. the process is being done, we all have to be patient.
As we can see it's the beginning of LTC dump. I saw the statistic that count of LTC miners didn't decrease after halving. It means that LTC leaves good for mine and hold. But for short speculation LTC is poor. Nothing interesting now

yes you're right, after a few months ago litecoin went up. normal if now prices start to fall. for now halving will not affect the price, so buying it won't be profitable for now either. but if you want for long-term investment is not a problem.

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August 07, 2019, 10:18:26 PM
 #51

buy the rumors sell the news,
I think after the halving we are going to see a sharp drop at the price. And then we are going to see a correction and the consolidation. This could also trigger the global altcoin sell which will increase BTC dominance more.
You should consider how risky it was when planning on buying some altcoins when the price sharply drops it could not grow back the same as the last time you saw the price. But this coins is in the top market there's a huge chance that this will get back again but if it is in bullish you the chance that it would drop is small.



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August 08, 2019, 08:11:07 AM
 #52

If we talk about what to expect from LTC halving, we want to see LTC price can back to the higher price and it is on the way to increase, but unfortunately, LTC needs to wait for more so the price can start increase. We need to wait and see when the price can increase and right now, we have more time to buy more LTC if we want. But don't forget that the increase in the price can happen at any time and we should prepare for the coming time, so we don't be late to sell the LTC.
I bought LTC at $ 101 on the 6th and now the price has dropped to $ 90. Should I buy more or just hold and wait for its price to increase?
I lost more than 10% and now I'm quite confused. Please give me some advice, thank you.

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August 08, 2019, 06:55:37 PM
 #53

if seen as litecoin trends currently showing down. it seems that people still don't want to buy after halving. maybe this is the result of current market trials so people are not in a hurry to buy. even so for the long term, I think litecoin will eventually go up. so we'll just wait for what the future looks like.

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August 08, 2019, 07:00:19 PM
 #54

If we talk about what to expect from LTC halving, we want to see LTC price can back to the higher price and it is on the way to increase, but unfortunately, LTC needs to wait for more so the price can start increase. We need to wait and see when the price can increase and right now, we have more time to buy more LTC if we want. But don't forget that the increase in the price can happen at any time and we should prepare for the coming time, so we don't be late to sell the LTC.
I bought LTC at $ 101 on the 6th and now the price has dropped to $ 90. Should I buy more or just hold and wait for its price to increase?
I lost more than 10% and now I'm quite confused. Please give me some advice, thank you.

I suggest to sell it now. Litecoin prices have dropped to $88, if you still hold it longer than this maybe you will experience a big loss later. wait until the price falls deeper, then you can buy back. That's if you're still interested in holding ltc for the long term.

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August 08, 2019, 07:07:40 PM
 #55

Its hard to say what will happen with the price. The halving effect might take days or weeks.
I hardly agree with this line which theres no specific time on when the price would react on such halving event.People do usually expect for its price to boom up
a few hours before or even a few hours after such halving just like what happened on that BTC scenario but now it shows that not all halving will cause such hype for price increase.We wont know if this would go up or just moving on sideways.

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August 11, 2019, 01:35:15 AM
 #56

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

Many people thought that my prediction was stupid , I want everyone who thought so to come forward and explain to me what were they thinking?

LTC price did drop a few dollars/sats just like any other alt coin , price would have gone up if the overall crypto market did so, so in other words,the halving had almost zero impact on price.

and this will always be case, in fact the further we go from here the less the impact, simply because by the time the next halving happens , the supply would have been a lot more than the current supply which will make the supply drop almost unnoticeable.

I know many people did FOMO and thought price will go the moon after the halving, the purpose of this thread was to educate you on the very likely possible outcome, those who learned something , good for them, those who ignored the message, I hope they get it better next time around.

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August 11, 2019, 11:00:56 AM
 #57

I agree with you, honestly I don't think anything will change much after the halving
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August 11, 2019, 01:49:00 PM
 #58

Absolute nothing happened  Grin

I bought some LTC when the price was 80 and I wait for some prices between 130 to 150 USD, but nothing...

I'm still holding and LTC should be fine when BTC starts to rise again, but this was a surprise for me

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August 11, 2019, 02:27:59 PM
 #59

Absolute nothing happened  Grin

I bought some LTC when the price was 80 and I wait for some prices between 130 to 150 USD, but nothing...

I'm still holding and LTC should be fine when BTC starts to rise again, but this was a surprise for me

Usually when LTC is halving the price, nothing will happen but it is likely that in 1-2 months LTC will be up high because mining reduced reward.

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August 13, 2019, 03:29:15 PM
 #60

maybe 1 year after halving the price of ltc will go back up and actually now is the right time to buy and sell it before halving or keep it strong
Hope you are not aware that halving in litecoin already happened on August 5 Tongue. I was anticipating some market movement when i saw the trading volume going high before halving and i expected the market to rise but then it died down eventually, the general market sentiments was not that great during the halving and we might see some movement when the alt coin market rises other than that i do not see any individual rise.

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