{"id":383671,"date":"2019-05-24T20:00:46","date_gmt":"2019-05-24T20:00:46","guid":{"rendered":"https:\/\/ktsl888.com\/?p=383671"},"modified":"2024-06-11T13:03:21","modified_gmt":"2024-06-11T13:03:21","slug":"can-litecoin-halving-spark-crypto-alt-season-and-boost-bitcoin-price-higher","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/can-litecoin-halving-spark-crypto-alt-season-and-boost-bitcoin-price-higher\/","title":{"rendered":"Can Litecoin Halving Spark Crypto Alt Season and Boost Bitcoin Price Higher?"},"content":{"rendered":"

Each halving in Bitcoin<\/a> is typically front run by a bull cycle, where the price of the leading cryptocurrency by market cap experiences rapid volume expansion and price mark up. The digital silver to Bitcoin\u2019s digital gold, Litecoin<\/a>, also experiences such a phenomenon ahead of its halving \u2013 an event scheduled at regular intervals that reduces the block reward miners receive for validating the network.<\/span><\/p>\n

With Litecoin\u2019s halving in less than 70 days away<\/a>, the market is watching the #5 ranked cryptocurrency to see if it once again carries the market higher. The last time Litecoin caused the entire crypto market to rally, it was the catalyst that helped put in Bitcoin\u2019s bear market bottom<\/a> and sparked a mini alt season<\/a>. Will Litecoin once again spawn an all-out alt season and help Bitcoin\u2019s parabolic move trend even higher?<\/span><\/p>\n

Litecoin Breaks $100 Again, Confirms As Support, Off to the Races?<\/span><\/h2>\n

The crypto market is becoming increasingly bullish on Litecoin as the crypto asset nears closer and closer to its halving \u2013 an upcoming event in which the Litecoin supply is diminished. The halving, which will see the block reward miners receive cut in half, taking the reward from 25 LTC to just 12.5 LTC.<\/span><\/p>\n

Related Reading | Will Litecoin (LTC) Rally to $1,000 After August 2019 Halving?<\/a><\/strong><\/em><\/p>\n

In the past, these halving events are typically front run as investors anticipate an offsetting of supply and demand that drives the price of these scarce, hard-capped, deflationary assets to skyrocket in short order.<\/span><\/p>\n

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Here comes the halving FOMO, c'mon my little chickun. $ltc<\/a> time is here! #Litecoin<\/a><\/p>\n

PS, if the market follows litecoin again we are in good shape! pic.twitter.com\/8swlvwqf99<\/a><\/p>\n

— Shardi B Trading #teamshardi (@ShardiB2) May 24, 2019<\/a><\/p><\/blockquote>\n