Historical halving event
2015 LTC Halving: The first LTC halving occurred on August 25, 2015, when the block reward was reduced from 50 LTC to 25 LTC. After the 2015 halving, the highest price gains occurred during the 2017/2018 bull market.
2019 LTC Halving: The second LTC halving occurred on August 5, 2019, reducing the block reward from 25 LTC to 12.5 LTC. After the halving in 2019, the highest price increase will occur in 2021.
2015 Halving (August 25, 2015):
Top Price Gains: During the peak of the 2017/2018 bull market, Litecoin’s price surged from ~$2.5 (pre-halving) to ~$350. That’s an increase of about 13,900%.
2019 Halving (August 5, 2019):
Top Price Gains: During the peak of the 2021 bull run, Litecoin’s price surged from ~$37 (pre-halving) to ~$412. That’s an increase of about 1030%.
Percentage and volatility
It can be seen that the increase after the second halving is not as high as the increase after the first halving. However, the absolute price increase after the second halving was higher. This is because the price of Litecoin is already much higher in 2019 than it was in 2015.
It is worth noting that Litecoin’s price has been volatile since the 2019 halving. The price was as high as $412.96 in May 2021, but the current price in July 2023 is around $92.
It is impossible to say with certainty what the price of Litecoin will be in the future. Historically, however, halving events are followed by periods of rising prices. Therefore, the price of Litecoin is likely to continue to rise in the coming years.
Reasons for the rise after the next halving event
That said, there are some reasons to believe that the price of LTC may rise after the next halving event. First, the halving will reduce the supply of new LTC created every day. This could lead to increased demand for LTC as investors seek to purchase scarce assets.
Secondly, the halving may also lead to increased media attention and awareness of Litecoin. This could attract new investors into cryptocurrencies and push prices higher.
Risks to consider
Of course, there are some risks to consider. For example, the entire cryptocurrency market may decline in the months leading up to the halving event. This could dampen demand for Litecoin and prevent the price from rising.
Overall, the expected percentage increase in Litecoin price after the next halving event is uncertain. However, there are some reasons to believe prices could rise significantly. Investors should carefully consider the risks and potential rewards before investing in LTC.
It’s worth noting that Litecoin’s price has fluctuated significantly since its inception. The price increase after each halving event is not linear, and there are periods of significant increases and decreases. #荣耀时刻
