ananyabushra (OP)
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August 08, 2023, 12:31:44 PM |
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Why didn't the Litecoin halving affect the price this time? In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
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tsaroz
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August 08, 2023, 02:47:27 PM |
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Why didn't the Litecoin halving affect the price this time? In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
Let's watch the previous halving of 2019 for reference to predict current halving results. Litecoin halved in August 25, 2019. Six months exact before the halving in February 5, 2019, the price of Litecoin was $34. Three months before halving in May 5, 2019, the price was $78. 1 month ago it was $120. On the day of halving, it was $95. One months later $67. And a few months after that, it reached as low as $33. What we see from this is the price increases and is highest a couple of months before the halving and go through significant price loss after halving. And that is exactly what we saw in 2023. But what also is true is after two years of halving, it maintained a higher low resistance for rest of it's history.
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Yogee
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August 08, 2023, 03:10:13 PM |
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Why didn't the Litecoin halving affect the price this time?
It did. It's just not in the direction that you were expecting. The hype effect was already priced in prior to the actual LTC halving as you can also see with the data provided by tsaroz. You'll probably have to wait for BTC to lead the charge before a significant increase in LTC's price happens.
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Xal0lex
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August 08, 2023, 04:05:03 PM |
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Halving itself is not a 100% catalyst for a price increase. The market is organized in such a way that one and the same event can affect the coin both up and down. It all depends on what period of the market this news appears. Now in the market there is a lull, the period of summer vacations, liquidity and volatility are at minimums, and the trend is bearish rather than bullish. Due to this we have low demand for altcoins, now it is unlikely that anything will grow, as there is not much money in the crypto market.
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makishart
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August 08, 2023, 05:33:12 PM |
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Why didn't the Litecoin halving affect the price this time?
Your expectation was too big for litecoin. Did you think litecoin has same power as bitcoin that can pushing its price to double or triple after halving? Litecoin doesn't have hype anymore. This is not a good payment gateway right now. Litecoin has lost trust from so many people after charlie lie has been sold his coin in the past. Litecoin halving never did impact to the price. The price of altecoin peg to the bitcoin's movement. I think that you should understand it. In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
It's only happening with bitcoin but you are wrongly understanding it if any halving already done by altcoin could have the same impact like what bitcoin done.
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@sriyan
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August 10, 2023, 12:41:56 PM |
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Why didn't the Litecoin halving affect the price this time? In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
There are a lot of other factors for the price change. 1. Market Expectations 2. Efficiency pricing 3. Varying market sentiment 4. Increased competitions 5. Speculative nature
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ryzaadit
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August 11, 2023, 03:56:12 PM |
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IMO halving for another coin than (Bitcoin) is not really effected at all.
As you know, the most effected on halving news are only (Bitcoin). Yes (Litecoin) have HALVING NEWS but once the bitcoin still in the down trend they're not gonna move or react anything.
Bitcoin still one of the most effect rally.
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wheelz1200
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August 11, 2023, 08:28:23 PM |
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Why didn't the Litecoin halving affect the price this time? In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
It's really simple, any altcoin halvinging doesn't matter at all. The only thing that changes altcoin prices is what is the market doing. And specifically bitcoin. If bitcoin is not running in price than neither will any of these coins. Don't take too much stock in its lack of price movement, none was expected.
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goaldigger
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August 11, 2023, 09:07:40 PM |
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Why didn't the Litecoin halving affect the price this time? In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
Because this is not Bitcoin, and we are still on the bear market so you can't expect a big pump from LTC. Just like in the past halving, there's no big movement during the halving but after Months of years of halving that is the time you'll see the effect of having a lower supply and a higher demand for LTC. If you're holding LTC have more patience until the next bull run and try to comeback on this thread and you can tell if its worth waiting or not.
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jossiel
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August 12, 2023, 02:28:17 AM |
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Why didn't the Litecoin halving affect the price this time?
Not just this time but also in the past halvings. I've been telling that. In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
It's mostly for Bitcoin but not typically for the altcoins. Don't be surprised because it's just the community that making Litecoin alive and working. Main guy Charlie Lee has left it long time ago. Don't expect that there are much effects with the halvings for altcoins.
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Silberman
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August 13, 2023, 08:09:28 PM |
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Why didn't the Litecoin halving affect the price this time? In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
Litecoin is not bitcoin, other members have shown to you that the halving of litecoin did in fact behave as in the past, with the majority of the price increase happening before the halving and then after the halving the price goes down, bitcoin is different because the demand for it is massive, so even if there was a price increase before the halving over the next months the demand for it keeps increasing causing an increase in price that can last months or even years.
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GreatArkansas
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August 14, 2023, 02:18:59 AM |
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Why didn't the Litecoin halving affect the price this time? In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
It's because of Bitcoin. Most altcoins especially top market cap altcoins are just following Bitcoin, they just correlate with Bitcoin. The biggest halving that most people are waiting is the Bitcoin block halving. So what happened in Litecoin is somehow just advertisement because we all know that Bitcoin still having hard time these days maintain the momentum.
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JeffBrad12
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August 14, 2023, 01:26:26 PM |
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My rough guess is that its because very few people anticipated the halving I guess, the thing with bitcoin is that, its the trend setter. whatever happen to bitcoin gonna happen to the other altcoins, so the halving is somewhat already expected to be massive ones and will eventually change the tide of the market. meanwhile with litecoin, if you see from the chart, it always strongly follow the trend of bitcoin, which hardly give anyone idea that it will gone astray, not following the trend when the halving is happening. let alone halving, ethereum and many other top coins out there with their massive burning sometimes didn't even change their value.
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suzanne5223
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August 15, 2023, 11:57:58 PM |
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Why didn't the Litecoin halving affect the price this time? In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
Litecoin has lost the trust of most cryptocurrency community investors but most of them usually seize the opportunity of it halving for some quick profit which is one of the many reasons why there's some dump in the price of LTC after it halving. Another thing that contributed to the LTC dump, is the current market momentum which affect the surge in the price of BTC which is the major player in this current market.
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adaseb
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August 16, 2023, 03:47:15 AM |
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Because Litecoin halving was more of a buy the rumor and sell the news type of event. The supply decrease doesn’t really make that much of a difference.
People were just expecting it to pump right after so they bought into it early and they got out of it earlier because it looked like it stalled and lots of bag holders at the moment. This happen a lot with many crypto coins and tokens, hence you need to cut your losses quick.
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agristudypad
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August 16, 2023, 03:48:56 AM |
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el kaka22
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August 16, 2023, 06:28:21 PM |
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Mostly because litecoin halving is not something big of itself, it is just a small detail. Same logic applies when eth moved from PoW to PoS, did it move at all? In fact it dropped a little bit but do you think that if bitcoin had that the price wouldn't move? If litecoin had its halving during a bull period, it would have been a good reason to go up some more, if price went from 30k to 40k in a month, then halving happened, then it would have taken it to 45k as well or at least 43k.
It would be something that will be helpful, but all by itself it is not something major. This doesn't have any attention to make it work, and that is why it should be considered not a big deal and should be considered as unimportant for the market.
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Kelvinid
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August 16, 2023, 10:30:35 PM |
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Why didn't the Litecoin halving affect the price this time? In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
When halving comes we then think about it giving a positive impact and possible price increase but Litecoin is different from Bitcoin which is certainly it gains much impact and increases demand which causes a price rally. If we never see a price increase of Litecoin after halving, therefore, there is only one reason that it causes it and that is because people had no interest in this project. On the other hand, we have to stop overthinking that halving would give a price surge, not anymore. Even in Bitcoin, we can't assure that it will be going to happen next year. However, we are too positive because of the huge support coming from the community which is a big factor.
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o48o
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August 17, 2023, 04:54:42 PM |
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Why didn't the Litecoin halving affect the price this time? In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
Mark Twain said: “History never repeats itself, but it does often rhyme.” This applies to technical analysis and fundamental triggers in the charts. You can't depend on repeating patterns, even if it would be obvious, when enough people are spotting them, the outcome changes as the event is already priced in as so many people were preparing for it, there were no one left to buy, only to dump their bags in disappointment. This is why bitcoin halving doesn't necessarily have as much effect to the price it used to. I am hoping i am wrong but i have my doubts about the high price speculations.
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Silberman
Legendary
Offline
Activity: 2562
Merit: 1345
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August 17, 2023, 08:02:14 PM |
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Why didn't the Litecoin halving affect the price this time? In the past, halvings led to higher prices, but now there are no clear results. I'm puzzled about the reasons behind this. Please help me analyze.
Mark Twain said: “History never repeats itself, but it does often rhyme.” This applies to technical analysis and fundamental triggers in the charts. You can't depend on repeating patterns, even if it would be obvious, when enough people are spotting them, the outcome changes as the event is already priced in as so many people were preparing for it, there were no one left to buy, only to dump their bags in disappointment. This is why bitcoin halving doesn't necessarily have as much effect to the price it used to. I am hoping i am wrong but i have my doubts about the high price speculations. While true we cannot forget about self-fulfilling prophecies either, in which if enough people believe that some event will happen on the future then that event will come to happen due to the decisions taken by all of those people, I really think the main difference here is the demand that bitcoin has, bitcoin unlike most coins has a use case and it is the most widely used cryptocurrency, this gives it a massive advantage over any coin and despite most people now knowing about the effects of the halving a bull run may still happen.
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