{"id":385878,"date":"2019-06-12T20:00:33","date_gmt":"2019-06-12T20:00:33","guid":{"rendered":"https:\/\/wncen.com\/?p=385878"},"modified":"2019-06-12T14:39:57","modified_gmt":"2019-06-12T14:39:57","slug":"litecoin-price-halving-crypto-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/litecoin-price-halving-crypto-bitcoin\/","title":{"rendered":"Litecoin Price Nears 600% Returns, But Beware of the Potential 73% Pre-Halving Plummet"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Throughout most of 2019, <a href=\"\/tag\/litecoin\" rel=\"nofollow\">Litecoin<\/a> \u2013 the cryptocurrency forked from Bitcoin\u2019s codebase by former Google programmer <a href=\"\/tag\/charlie-lee\" rel=\"nofollow\">Charlie Lee<\/a> \u2013 has led the entire crypto space out of the depths of the longest bear market on record. Much of the bullish sentiment surrounding <a href=\"https:\/\/wncen.com\/2019\/06\/12\/litecoin-hits-13-month-high-as-halving-fomo-mounts-where-next-for-ltc\/\">Litecoin price is being driven by pre-halving speculation<\/a>. Profit-hungry crypto investors have been buying up Litecoin ahead of a potential price increase.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">But with Litecoin\u2019s halving less than 60 days away, and with the asset nearing 600% returns for investors who boldly took a risk and bought the bottom back in December in anticipation of the pre-halving pump, the rally may soon be running out of steam. One crypto analyst believes that <a href=\"\/tag\/litecoin-price\" rel=\"nofollow\">Litecoin price<\/a> still has room to climb, but has issued an ominous warning that a potential 73% drop could be ahead in the coming days.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Crypto Trader Expects LTC\/BTC Ratio to Hit 0.034 In Pre-Halving Spike<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/litecoin\" rel=\"nofollow\">Litecoin<\/a> often leads the crypto market. And ahead of its halving, most of the crypto community has considered the silver to Bitcoin\u2019s digital gold to be a \u201cno brainer\u201d of an investment.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/05\/24\/can-litecoin-halving-spark-crypto-alt-season-and-boost-bitcoin-price-higher\/\">Can Litecoin Halving Spark Crypto Alt Season and Boost Bitcoin Price Higher?\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Each halving reduces the block reward miners receive for validating the blockchain. Come this August, the amount of LTC miners receive will be reduced from 25 LTC \u2013 approximately $3,475 at current prices \u2013 to 12.5 LTC, also reducing the USD equivalent value miners receive for the same amount of effort.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The abrupt shift in the balance of supply and demand, investors believe, creates an increase in price that often gets front run.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">That front-running has helped take the price of Litecoin from a bear market low of near $20 to a 600% return as the price nears $140 in the LTC\/USD trading pair.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/oOPez2zG5Y\" rel=\"nofollow\">pic.twitter.com\/oOPez2zG5Y<\/a><\/p>\n<p>&mdash; master \u24c2\ufe0f\ud83d\udd78 (@MASTERBTCLTC) <a href=\"https:\/\/twitter.com\/MASTERBTCLTC\/status\/52484608?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 12, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">In the LTC\/BTC pair, one prominent crypto analyst believes a massive, multi-month cup and handle formation will take the ratio to a target of 0.34 once the formation confirms. If Bitcoin price stays around $8,000, this would bring Litecoin price to roughly $270. If Bitcoin is to climb higher alongside Litecoin while it surges even higher on the ratio, Litecoin could potentially paint new all-time highs in USD value.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-385883\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/litecoin-price-chart.jpeg?resize=800%2C550\" alt=\"\" width=\"800\" height=\"550\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/litecoin-price-chart.jpeg?w=800 800w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/litecoin-price-chart.jpeg?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/litecoin-price-chart.jpeg?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/litecoin-price-chart.jpeg?w=750 750w\" sizes=\"(max-width: 800px) 100vw, 800px\"><\/p>\n<h2 class=\"p1\"><span class=\"s1\">10 Days Left of Litecoin Price Pump, Secure Profits Ahead of 73% Drop<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/wncen.com\/2019\/06\/10\/crypto-litecoin-price-chart-halving\/\">If the halving truly was already front run<\/a> as many crypto investors believe, risk increases by the day that the earliest buyers will begin securing profits, which will stop the rally dead in its tracks and cause a powerful correction.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/05\/27\/crypto-analyst-litecoin-is-a-no-brainer\/\">Crypto Analyst: Litecoin is a \u201cNo Brainer\u201d\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">The same crypto analyst that has lofty price targets for LTC\/USD and LTC\/BTC and has been accurate in his predictions thus far, believes there are only 10 days left in the rally before the tides sharply turn.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I think we have about 10 more days of litecoin pumping&#8230;<\/p>\n<p>I\u2019ve started to move some out of litecoin into bitcoin<\/p>\n<p>If you look at 2015 45 days before they halving the price peaked and drop 73% be aware<\/p>\n<p>45 days will be June 22<\/p>\n<p>Protect some of your profits especially if your new<\/p>\n<p>&mdash; master \u24c2\ufe0f\ud83d\udd78 (@MASTERBTCLTC) <a href=\"https:\/\/twitter.com\/MASTERBTCLTC\/status\/99490048?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 11, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">According to the last Litecoin halving back in 2015, the final days leading up to the halving caused Litecoin to absolutely moon, <a href=\"https:\/\/wncen.com\/2019\/06\/08\/analyst-litecoin-likely-to-double-in-coming-months-heres-what-may-cause-this-surge\/\">doubling in value relative to Bitcoin<\/a>. Immediately after buyers began taking profits, Litecoin price fell 73%, as early investors dumped on those FOMOing in too late.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">That dump occurred 45 days ahead of Litecoin\u2019s last halving. The next halving is in <a href=\"https:\/\/www.coingecko.com\/en\/explain\/litecoin_halving\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">less than 55 days<\/a>. When will you secure Litecoin pre-halving profits? Or will you be left holding a bag?<\/span><\/p>\n<pre>Featured image by Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Throughout most of 2019, Litecoin \u2013 the cryptocurrency forked from Bitcoin\u2019s codebase by former Google programmer Charlie Lee \u2013 has led the entire crypto space out of the depths of the longest bear market on record. Much of the bullish sentiment surrounding Litecoin price is being driven by pre-halving speculation. Profit-hungry crypto investors have been buying up Litecoin ahead of a potential price increase. But with Litecoin\u2019s halving less than 60 days away, and with the asset nearing 600% returns for investors who boldly took a risk and bought the bottom back in December in anticipation of the pre-halving pump, the rally may soon be running out of steam. One crypto analyst believes that Litecoin price still has room to climb, but has issued an ominous warning that a potential 73% drop could be ahead in the coming days. Crypto Trader Expects LTC\/BTC Ratio to Hit 0.034 In Pre-Halving Spike Litecoin often leads the crypto market. And ahead of its halving, most of the crypto community has considered the silver to Bitcoin\u2019s digital gold to be a \u201cno brainer\u201d of an investment. Related Reading | Can Litecoin Halving Spark Crypto Alt Season and Boost Bitcoin Price Higher?\u00a0 Each halving reduces the block reward miners receive for validating the blockchain. Come this August, the amount of LTC miners receive will be reduced from 25 LTC \u2013 approximately $3,475 at current prices \u2013 to 12.5 LTC, also reducing the USD equivalent value miners receive for the same amount of effort. The abrupt shift in the balance of supply and demand, investors believe, creates an increase in price that often gets front run. That front-running has helped take the price of Litecoin from a bear market low of near $20 to a 600% return as the price nears $140 in the LTC\/USD trading pair. pic.twitter.com\/oOPez2zG5Y &mdash; master \u24c2\ufe0f\ud83d\udd78 (@MASTERBTCLTC) June 12, 2019 In the LTC\/BTC pair, one prominent crypto analyst believes a massive, multi-month cup and handle formation will take the ratio to a target of 0.34 once the formation confirms. If Bitcoin price stays around $8,000, this would bring Litecoin price to roughly $270. If Bitcoin is to climb higher alongside Litecoin while it surges even higher on the ratio, Litecoin could potentially paint new all-time highs in USD value. 10 Days Left of Litecoin Price Pump, Secure Profits Ahead of 73% Drop If the halving truly was already front run as many crypto investors believe, risk increases by the day that the earliest buyers will begin securing profits, which will stop the rally dead in its tracks and cause a powerful correction. Related Reading | Crypto Analyst: Litecoin is a \u201cNo Brainer\u201d\u00a0 The same crypto analyst that has lofty price targets for LTC\/USD and LTC\/BTC and has been accurate in his predictions thus far, believes there are only 10 days left in the rally before the tides sharply turn. I think we have about 10 more days of litecoin pumping&#8230; I\u2019ve started to move some out of litecoin into bitcoin If you look at 2015 45 days before they halving the price peaked and drop 73% be aware 45 days will be June 22 Protect some of your profits especially if your new &mdash; master \u24c2\ufe0f\ud83d\udd78 (@MASTERBTCLTC) June 11, 2019 According to the last Litecoin halving back in 2015, the final days leading up to the halving caused Litecoin to absolutely moon, doubling in value relative to Bitcoin. Immediately after buyers began taking profits, Litecoin price fell 73%, as early investors dumped on those FOMOing in too late. That dump occurred 45 days ahead of Litecoin\u2019s last halving. The next halving is in less than 55 days. When will you secure Litecoin pre-halving profits? Or will you be left holding a bag? Featured image by Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":385880,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,16897],"tags":[428,8080,10,2785,2828],"class_list":["post-385878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-litecoin","tag-bitcoin","tag-halving","tag-litecoin","tag-litecoin-price","tag-ltc"],"acf":[],"yoast_head":"\n<title>Litecoin Price Nears 600% Gains, Beware of 73% Pre-Halving Correction<\/title>\n<meta name=\"description\" content=\"Litecoin price has soared ahead of its upcoming halving, an event where the supply of LTC is diminshed. 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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