LTC In Depth: Will the Halving Cause LTC to Moon?

LTC has a ton of positive hype out there right now for all sorts of reasons right now. The main one that I see as relevant for LTC specifically is the block mining reward halving. This is a scheduled event not speculation and in the past there has been positive price correlation for BTC when this happened. This is currently set to happen August 6th of 2019. To me it would make sense that price would increase assuming demand stays constant. There are less coins being put into circulation and potentially less coins being sold into the open market by miners. We have just entered the Fiscal quarter before the quarter where the halving will take place. Based on the fact we have seen a 53% increase in LTC worth compared to BTC over the last 11 weeks I would argue that we are already seeing the gains associated with this event. The ATH LTC/BTC is .025 and we hit .018 on the third. So we are gaining more and loosing less then BTC in this coin. Not an opinion but a fact. This being said we have fallen back 20% from our April 3rd peak and we are trying to maintain support right on top of the range we broke out from. I believe this is a good indication that the market is not sure if this event should really cause LTC gain ground on the market as a whole or the hype surrounding this even is already priced in for the mot part. I would like to point out that we have a near perfect GIANT cup and handle pattern for the daily LTC/BTC chart for coinbase. Something like this is typically a bullish pattern and one this large would be major if it confirms. A break of .018 could signal that LTC is going to continue gaining more and loosing less then BTC as we get close to Aug.