#Litecoin halving is the hype topic now. Lets take a look at how price reacted to previous halvings.

The first one happened in August 2015 - although it led to 67% growth it ended up on the same day leading to 52% drop. On higher timeframe that halving didn't change a thing as #LTC price was moving sideway till April 2017.

Second halving was on August 5th 2019 - price grown steadily towards that event, but 1.5 month before it found the top and by the moment halving happened it was in downtrend that lasted half a year.

Next halving is on August 3rd. Zone around 103-107 has lots of stops above and so attractive for revisit. That move should take price to 115-119. Less possible but still realistic target zone: 170-182.
Overall I don't think Litecoin halving has any strength to influence price on its own. LTC depends on #BTC price action first of all, while BTC depends on DXY and stocks market. Therefore while LTCBTC price is pumping we can see that BTCUSDT is having hard times now and no sense in counting on LTCUSDT to do any magic till global market turn bullish again. So I stick to #Bitcoin halving cycles and idea that real bull market will start only in 2024.




