At the time of writing, Litecoin is trading hands at $101. The past 24 hours alone saw the Litecoin price soar by more than 14% while the gains posted by Bitcoin – the top-ranking cryptocurrency, were close to 10%. The majority of the gains came immediately after the halving. However, the coin has lost almost 25 percent of its total value in the recent month following a strong growth during the 2nd and 3rd quarter of 2019.
It is worth noting that in previous halving events, both BTC and LTC haven’t witnessed any major price reduction or a surge in value immediately after the events. Even so, Bitcoin experienced a gradual spike in prices after the halving. But it is worth remembering Bitcoin went through long bear cycles after these remarkable bulls. So Litecoin recent spike could be reminiscent of the price action seen in 2015.
source: https://coindoo.com/litecoin-halving-completed-ltc-breaks-above-100/
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