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EXCAVO
Jul 29, 2019 4:16 PM

Why Litecoin will go up? Long

Litecoin / BitcoinBinance

Description

LTCBTC will go up because of halving - this is very strong fundamental
What is Litecoin Halving?
Litecoin Halving is the event where the number of generated Litecoin rewards per block will be halved (divided by 2).
The total number of Litecoin mined by miners per block will reduce from 25 to 12.5 LTC in the next litecoin halving.
The number of litecoin found per block will become more scarce and this halving reward ensures that litecoin total supply will reach 84 million.
litecoinblockhalf.com/

This is one of the coins I use to pay for services or goods. that's why this coin is very popular and after halving the demand will be even greater

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Comments
StephBour
the last Litecoin Halving was on August 25th, 2015) and yet the price LTCBTC declined even one month before on 1D chart.
0.028 - 7 July 2015
0.013 25 August 2015
And it declined until march 2017.
SoNiC_PL
@tasbin, simple reason - many people just spreading news to convince you the value will grow. Which in fact is nothing.
Max capacity remains the same, is there anything changed? No.

Buy the rumour, sell the news. All over TradingView ideas convincing you should buy buy buy buy, coz author already is all-in or barely gained anything or just want to escape from severe losses.
I love it!
StephBour
@tasbin, See I was right. A short & counter trade would have gave you around +15% without leveragex1.
AlanSantana
Buy the rumor, sell the news.

On the day of the halving or before it we are likely to see Litecoin drop, only after it starts to grow...

That's my experience with these halving events.
StayPhr0sty
Thats been priced in since they announced it
jbutler7
@joCu1080, It was never "announced"
It was already programmed in its protocol since its inception.
aklang
halving won't do any help but a bull trap
Butcher_of_Bitmex
"This is one of the coins I use to pay for services or goods. That's why this coin is very popular." - Get over yourself! lol
kardia
@Butcher_of_Bitmex, Litecoin is nothing more than a pump and dump coin in my opinion. The charts don't lie.
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