{"id":389027,"date":"2019-07-08T08:00:09","date_gmt":"2019-07-08T08:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=389027"},"modified":"2019-07-08T03:01:36","modified_gmt":"2019-07-08T03:01:36","slug":"less-than-a-month-to-litecoin-halving-can-ltc-push-higher","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/less-than-a-month-to-litecoin-halving-can-ltc-push-higher\/","title":{"rendered":"Less Than a Month to Litecoin Halving, Can LTC Push Higher?"},"content":{"rendered":"
Crypto markets have spent most of the weekend in consolidation as Bitcoin takes a breather. Eyes are starting to turn to Litecoin once again as the halving clock ticks down with less than a month to go.<\/p>\n
The clock is ticking. According to Litecoinblockhalf<\/a> there is 28 days to go before the event next month. According to an official post<\/a> on the LTC website the previous halving took place on August 25, 2015 at block 840,000. This time it is expected 20 days earlier on August 5th at block 1,680,000 due to increased network hash rate that has slowly sped up the clock between difficulty readjustments.<\/p>\n If history is going to repeat there should be a big spike in Litecoin prices over the coming four weeks. In 2015 LTC surged 400 percent<\/a> in the month leading up to the halving. The silver to bitcoin\u2019s gold cranked from $1.70 to $8.50 as a massive wave of fomo seized the markets.<\/p>\n \u201cComparatively speaking, if history is anything to go by, we should have already seen an unhealthy vertical spike in price as people FOMO in to capitalise on the event, yet this hasn\u2019t happened.\u201d<\/p><\/blockquote>\n Litecoin\u2019s recent action has been tied to that of its big brother. Its performance this year alone however has outpaced BTC. Trading at just over $30 on January first, Litecoin has surged a monumental 300 percent to current prices. By comparison, BTC has managed just over 200 percent in the same period.<\/p>\n At the time of writing Litecoin was trading at $120, having been range bound for the past week. Since its 2019 peak of $145 LTC has pulled back 17 percent which is virtually identical to Bitcoin\u2019s correction from $13,800 to current levels.<\/p>\n