Will the run-up to Litecoin's halving be bullish for LTC price?
), particularly as the August halving event gets closer, according to Litecoin's creator Charlie Lee.that LTC/BTC could rally to 0.025 BTC, or over 700%, in the next bull cycle, with Litecoin having"higher throughput by design, scalability with extension blocks, better fungibility, and privacy from MWEB.""I can see an upside target of 10% . In the next bull market, 5% shouldn't be too hard to achieve. I honestly don't see it going much below 1% on the downside.
As a result, new LTC supply will drop by 50%, which should, at least in theory, make LTC more scarce on the market and therefore, go up in price.typically prompted traders to accumulate LTC. For instance, the first halving event in August 2015 preceded a 450% price rally versus Bitcoin.
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