{"id":391693,"date":"2019-07-30T22:00:13","date_gmt":"2019-07-30T22:00:13","guid":{"rendered":"https:\/\/wncen.com\/?p=391693"},"modified":"2019-07-30T16:23:04","modified_gmt":"2019-07-30T16:23:04","slug":"litecoin-halving-grows-near-but-will-ltcs-price-respond-bullishly","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/litecoin\/litecoin-halving-grows-near-but-will-ltcs-price-respond-bullishly\/","title":{"rendered":"Litecoin Halving Grows Near, But Will LTC\u2019s Price Respond Bullishly?"},"content":{"rendered":"
Bitcoin has been incurring massive volatility as of late that has sent the aggregated crypto markets on a wild ride, with cryptocurrencies like Litecoin (LTC) mainly facing downwards pressure over the past several days and weeks.<\/p>\n
Investors and analysts alike are now closely watching to see how Litecoin\u2019s price responds to its imminent mining rewards halving event, which has historically led to major price movements right around the time of this event.<\/p>\n
At the time of writing, Litecoin<\/a> is trading up just under 1% at its current price of $90.60, which is down slightly from its daily highs of just over $91 but is up from its daily lows of $88 which has proved to be a level of support for the cryptocurrency.<\/p>\n Over a one-month period, LTC has incurred largely lackluster price action, and has slowly entered a period of consolidation that has caused it to trade sideways in the $90 region for the past couple of weeks.<\/p>\n Much to the chagrin of Litecoin investors, the highly anticipated halving pump<\/a> may have already occurred, as the cryptocurrency surged from 2019 lows of $30 to highs of over $140 in late-June \u2013 a massive price surge that may have been emblematic of the anticipated \u201chalving pump.\u201d<\/p>\n It is important to note that the halving is only six days away, and many analysts believe that the reduction in mining rewards and circulating supply can provide fundamental benefits that ultimately translate into price gains.<\/p>\nWill the Halving Actually Translate into an LTC Price Surge?<\/strong><\/h2>\n