How Could LTC Falling After Halving and AVAX Testing Its Pre-Bull Price Move for the Rest of the Year?

The altcoin market, calculated excluding Bitcoin and Ethereum, has been in stagnation since July 2022. This period, which is seen as a continuation of the bear market, shows that the total value of altcoins is stuck between 300 - 400 billion dollars on average, excluding Bitcoin and Ethereum market value.

When the long-term outlook is checked, current levels reflect the accumulation period, in which the bear market conditions that started in November 2021 have now weakened, but there is no sign of an increase yet. Looking at the period after July 2022, when the sharp declines slowed down, the wavelength in the market value decreased as time went by, while the bottom zone, which was between 300 - 320 billion dollars on average, remained more stable.

It can be said that the lowest volatility of the accumulation period was reached in the second half of this year. Accordingly, while the altcoin market value is currently at 320 billion dollars, where the decline has stopped, technically creating a base above 400 billion dollars in the last quarter of the year in case of an increase in demand from this region may be a trigger for the start of the upward trend. However, I think that the market value, excluding BTC and ETH, should jump above 500 billion dollars in order to transition to the period called altcoin season.