The digital silver to Bitcoin’s digital gold, Litecoin, has been the constant frontrunner of the crypto market since the beginning of February. The question is now, can LTC ignite a new alt season.
Litecoin’s halving event will occur in less than 70 days from today, and the crypto community is expecting the 5th most popular cryptocurrency to once again lead the crypto markets to higher highs.
Litecoin has been one of the top performing altcoins and has surged from around $68 to $102 over the past 30 days and reached its highest level for almost a year.
Litecoin is currently trading around $102, and is showing a gain of 2% on the day.
LTC/USD Chart provided by Tradingview
The community is now wondering if Litecoin will ignite an all-out alt season and push the world’s number one cryptocurrency upward trend even higher, as the expected FOMO is bound to set in.
PS, if the market follows litecoin again we are in good shape! pic.twitter.com/8swlvwqf99
— Shardi B (@ShardiB2) May 24, 2019
As Litecoin broke above the $100 price mark once again today, analysts are pointing out that Litecoin peaked 2 years after it’s previous halving and that if history repeats itself, Litecoin could see a new all-time-high somewhere in 2021.
The #Litecoin halving is quickly approaching
LTC bottomed approximately 200 days before it’s halving in 2015
We are almost exactly 200 days away from the next $LTC halving
LTC peaked 2+ years after it’s halving, If it follows a similar path this time the peak will be in 2021 pic.twitter.com/UbsQdEmhnN
— Moon Overlord (@MoonOverlord) January 29, 2019
Most of the Litecoin community members are convinced that LTC’s halving will only bring major gains and give a boost to the entire cryptoverse.
I ain’t never scared. Just picked up another 55 LTC. Should have bought at $85 but you know what? Who cares over a few dollars. I’ve been accumulating for so long and I trust with upcoming halving that it is way undervalued. Guess I’ll just have to wait in see!#Litecoin
— CryptoHut (@CryptoHut2018) May 25, 2019
— [₡ryptocasca] (@cryptocasca) May 24, 2019
— Crypto₿anksy (@BanksyCrypto) May 24, 2019
Litecoin’s mining reward halving is due in August pic.twitter.com/P49mtGswca
— CoinDesk Markets (@CoinDeskMarkets) May 24, 2019
Do you think Litecoin halving will boost LTC’s price? Let us know in the poll below.
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