Litecoin price increase after successful halving of block reward., thoughts.

[CryptopreneurBrainboss]

Many community users might not be aware of this but Litecoin just successfully completed halving it's block reward at Block 168,000 to produce 12.5 LTC. Before now Litecoin was trading around $93 as the 5th largest trading cryptocurrenc based on Coinmarketcap's market capitalization statistics but currently it's trading at $102 and now the 4th largest trading coin. The question now is, do you think a major catalyst of Litecoin recent success is linked to bitcoin also experience a surge in price (since this has always been the usual from previous record) or this time, it was all due to Litecoin successful halving event?.

What's your thoughts and congratulations to litecoiners on a successful halving event, Bitcoin is up next.

[sandra_x]

Halving comes comes with a lot of hype, seem there was less for litcoiners in the last 24 hours, everything seem to have been overshadowed by the surge in bitcoin price in the last 48hours. That too certainly contributed to the current price of litecoin. Gains for litcoin and bitcoin again the USD has been similar in the last 24 hours. Litecoin will soar higher on account of the halving after the attention on bitcoin wanes a little. Doinance of bitcoin is 67.6 currently. Other top chains bleed when measure with bitcoins; Litecoins didn't. The halving contributed to price of ltc

[CryptopreneurBrainboss]

Other top chains bleed when measure with bitcoins; Litecoins didn't. The halving contributed to price of ltc

That Litecoin didn't bleed doesn't mean the halving contributed. The last bitcoin surge in bitcoin it carried some selective few altcoins with him including Litecoin. And that how it has always been in this seasons bull run. Litecoin has always been a beneficiary of bitcoin's success, I don't think it's a coincidence that Litecoin also gain some prices as bitcoin did. Currently Litecoin is down to $100, you still think it's the halving effect playing it's role? I don't. Like you said the hype wasn't even there, bitcoin has everyone's attention. I'm of the thought the halving effect hasn't manifested.

[digitalblock]

I thought the price of LTC was going up after the update. But I didn't know the climb would be so high. Soon LTC will please us even more with its price. Many institutions have already switched to this project. Since there are very few promising projects now. LTC shows good and dynamic growth. I think he can compete with Libra for investors ' attention.

[wywoc]

It increased quite a bit compared to the expectations of many people, as many analysts thought that LTC could hit $ 160 again after halving. But perhaps we need to wait when the BTC price is stable. I still believe LTC will increase to that price.

[DaMut]

I thought the price of LTC was going up after the update. But I didn't know the climb would be so high. Soon LTC will please us even more with its price. Many institutions have already switched to this project. Since there are very few promising projects now. LTC shows good and dynamic growth. I think he can compete with Libra for investors ' attention.

the price just went up from $90~$95 to $105 and you said that was so high? that is nothing but bull trap. And look at it today, it just declined to $85 and you said it's dynamic growth?
and how it has something to do with Libra?
first of all, Libra is Stablecoin while Litecoin is an alternative coin, we can not compare it. Because both of them have a different vision.

[CryptopreneurBrainboss]

Well just to confirm my assumptions, Litecoin price growth is increasing proportionally to that of bitcoin and not due to the successful halving event. The having has no effect on the price (yet). Litecoin price just moved upwards to the $90 mark price per coin as bitcoin is also gaining some momentum. Fews day back it was trading around $80-$85 which was the trading price before halving so it makes no sense for we to assume its current price, is as a contribution from the successful halving of block reward instead it's just as always (Litecoin is benefiting from the success of bitcoin's price gain).

[Dzeronimo]

Halving is just a technical part of the story. Hype about the halving is the factor that can boost the price. If people don't talk about it, price will remain the same.

[rdluffy]

Nothing happened 

I'm still holding my LTC, at least I bought with the range price of 80 USD, but I expected to be at 130-150USD at this time after the halving

[kindbtc]

Although price has not moved like most of the people expected it do but we need to understand that halving is not a quick pump and dump event, its impact is positive and bullish for the coin which can take time to establish.

[samcrypto]

Nothing happened 

I'm still holding my LTC, at least I bought with the range price of 80 USD, but I expected to be at 130-150USD at this time after the halving

The price is just started to pump, so its too early to sell because this success can go for a more expensive LTC again. Give at least a month and we can see the result of having is now paying off. Congratulations to those who anticipate this situation and bought a lot during the bottom of LTC, wait for the peak price before you sell.

[kawetsriyanto]

Many people have noticed Litecoin halving from several moments ago and this has become special hype.
That is why many of us also feel and expect that this halving will really help LTC to have better value on the market.
We may be able to see the prospect and possibilities of the price increase of LTC in some days currently, it is not about how to increase the price and value but also to maintain and survive again.
Today, LTC really has great increase of plus 4.82%, after dropped time several days ago.

[inoes]

Historically, halving LTC will lead to pump prices, and after that there will also be a price decline, although this is largely dependent on the overall state of the crypto market.
but I am still not clear about the increase that occurred in LTC, whether the recent Litecoin spike was caused by halving events, or caused by bullish price movements on Bitcoin.

[Bonwin]

Many people have noticed Litecoin halving from several moments ago and this has become special hype.
That is why many of us also feel and expect that this halving will really help LTC to have better value on the market.
We may be able to see the prospect and possibilities of the price increase of LTC in some days currently, it is not about how to increase the price and value but also to maintain and survive again.
Today, LTC really has great increase of plus 4.82%, after dropped time several days ago.

Despite the latest growth, it has fallen back to the fifth position, which makes it to come below BCH. Although, with time, halving might be seen to have a positive impact on the growth of ETH. It is not yet time to congratulate LTC holders, but to wait for a little while before doing that.

[CryptopreneurBrainboss]

Decided to give Litecoin a one month time frame to disproven my suspicious of the price increased just been influence by price increase of bitcoin as it has done in the past but it couldn't. The halving of block reward had no effect on the Litecoin price. Some might say it's due to the bear season of the Altcoin market and a bad timing for Litecoin but my worries now is how will bitcoin halving event turnout. Will it follow the full steps of Litecoin or will it turn out t he positive after all.

I would say, the turnout would be positive meaning the price will increase but not as much as everyone is expecting. Bitcoin might not even reach the previous all time high and if it does it might not increase beyond $20,000 or go above $25,000

[leowonderful]

Decided to give Litecoin a one month time frame to disproven my suspicious of the price increased just been influence by price increase of bitcoin as it has done in the past but it couldn't. The halving of block reward had no effect on the Litecoin price. Some might say it's due to the bear season of the Altcoin market and a bad timing for Litecoin but my worries now is how will bitcoin halving event turnout. Will it follow the full steps of Litecoin or will it turn out t he positive after all.

I would say, the turnout would be positive meaning the price will increase but not as much as everyone is expecting. Bitcoin might not even reach the previous all time high and if it does it might not increase beyond $20,000 or go above $25,000

It seems to me what happened with Litecoin was the anticipated halving event was frontrun by traders and thus the price of LTC peaked several weeks before the halving, and BTC descending in price for the weeks since then hasn't helped either. I suspect something like this might also happen with Bitcoin, though I'm not going to trade this prediction and I'll be accumulating crypto with fiat in the meantime. I could definitely see a rebound up to a new high above the old descending triangle in the mid to long-term if BTC doesn't continue sliding as well.

[davinchi]

Decided to give Litecoin a one month time frame to disproven my suspicious of the price increased just been influence by price increase of bitcoin as it has done in the past but it couldn't. The halving of block reward had no effect on the Litecoin price. Some might say it's due to the bear season of the Altcoin market and a bad timing for Litecoin but my worries now is how will bitcoin halving event turnout. Will it follow the full steps of Litecoin or will it turn out t he positive after all.

I would say, the turnout would be positive meaning the price will increase but not as much as everyone is expecting. Bitcoin might not even reach the previous all time high and if it does it might not increase beyond $20,000 or go above $25,000

I am sorry you were disappointed, you even tried to have given them the opportunity this long to prove themselves, I already lost some faith in Litecoin the moment I noticed that prior to the halving, the coin did not appreciate in value, if the halving was going to have any effect on it, prior to the halving, we ought to have been seeing some improvement in the price of Litecoin because of people that would believe in the halving making it grow.

But it seems like not even one single soul investor invested in the Litecoin again, and it looks like so many people, both new and the old investors have already lost some faith in the existence of Litecoin and this might gradually be the end of it as I don’t see much people ever putting their money into Litecoin market again.

[tsaroz]

Many community users might not be aware of this but Litecoin just successfully completed halving it's block reward at Block 168,000 to produce 12.5 LTC. Before now Litecoin was trading around $93 as the 5th largest trading cryptocurrenc based on Coinmarketcap's market capitalization statistics but currently it's trading at $102 and now the 4th largest trading coin. The question now is, do you think a major catalyst of Litecoin recent success is linked to bitcoin also experience a surge in price (since this has always been the usual from previous record) or this time, it was all due to Litecoin successful halving event?.

What's your thoughts and congratulations to litecoiners on a successful halving event, Bitcoin is up next.

It had been predicted and it happened. This would make another precedent for price increase on halving.
There were price increase on such halving of both bitcoin and litecoin in the past but people were suspicious this time following the long bearish market.
This would make Bitcoin an attractive investment as bitcoin is next going to halve in 2020 (most probably on May).

[Nadziratel]

Many community users might not be aware of this but Litecoin just successfully completed halving it's block reward at Block 168,000 to produce 12.5 LTC. Before now Litecoin was trading around $93 as the 5th largest trading cryptocurrenc based on Coinmarketcap's market capitalization statistics but currently it's trading at $102 and now the 4th largest trading coin. The question now is, do you think a major catalyst of Litecoin recent success is linked to bitcoin also experience a surge in price (since this has always been the usual from previous record) or this time, it was all due to Litecoin successful halving event?.

What's your thoughts and congratulations to litecoiners on a successful halving event, Bitcoin is up next.

I don't think it's possible to come to a final conclusion. Litecoin had a good momentum before halving. However, it could not continue to grow afterwards. Because the movements in Bitcoin affect all altcoins including Litecoin. However, in Bitcoin halving, Litecoin or others will not affect the BTC price.

[CryptopreneurBrainboss]

I don't think it's possible to come to a final conclusion. Litecoin had a good momentum before halving. However, it could not continue to grow afterwards. Because the movements in Bitcoin affect all altcoins including Litecoin. However, in Bitcoin halving, Litecoin or others will not affect the BTC price.

There's no doubt Litecoin did record some price appreciation before the halving event but here's my argument. On a normal day, if bitcoin record some price appreciation, Litecoin is one of those altcoins that benefits and also appreciate in price. Now a week or some days before the halving of Litecoin, bitcoin did appreciate in price so as usual Litecoin would had benefitted irrespective of the halving event but coincidentally it was around the same week the halving of block reward was to occur so most individuals would had thought the price increase of Litecoin then, was just due to the halving event but I'm trying to say, Litecoin would had still appreciated in price during that period whether there was a halving event or not because bitcoin price was on the increase and normally Litecoin benefits from that.

So in conclusion, the halving event had little or no effect on Litecoin based on the follow up market results