Post a Comment Print Share on Facebook

Lite coins Halving is on the horizon – What does that mean for the Litecoin price?

the In a little more than a quarter of a year, the Halving for Litecoin. The Mining Reward is cut in 128 days 25-LTC to 12.5 LTC. This in Bitcoin and Litecoin

- 6 reads.

Lite coins Halving is on the horizon – What does that mean for the Litecoin price?
the In a little more than a quarter of a year, the Halving for Litecoin. The Mining Reward is cut in 128 days 25-LTC to 12.5 LTC. This in Bitcoin and Litecoin all four years of contemplation at the end of the event to give a boost to the Litecoin exchange rate. What can learn investors from the past.

Dr. Philipp Giese
31. March 2019BTC$4.104,98 , and 0.49%Facebook Twitter LinkedIn xing mail

One of the fundamental properties of Bitcoin, the limited amount of Coins. The so-called Supply is not limited to only currently to approximately 17.6 million to the Miner, distributed Rewards to be approximately halved every four years. The result is that the maximum Supply is set to approximately 21 million Bitcoin.

Litecoin is as the little brother of Bitcoin, this Cryptocurrency is very similar: Here, such because the Supply is limited, both currently and in the long term. The only difference is that both current as well as maximum Supply are larger. The current number of Litecoins is 61 million and, in the long term, this number is limited to 84 million Litecoin. Both the current and the maximum Supply differ approximately by a factor of four, is not a coincidence, but the block time of Litecoin, only a quarter of that of Bitcoin.

it is Halvings the price rallies?

in 2016, there were various optimistic voices, which saw a Halving of a bullishes Signal. A growing Bitcoin Adaption, would result in the shortage of supply to a price increase. In fact, you could see this Pattern twice already with Bitcoin:

It seems that you would have to do it with cycles: There are 2011, 2014 and 2017 blisters, prolonged bear markets. Some time before the Halving was broken in 2012 and 2015 the downward trend. A first sign of emerging spring in the crypto Winter. Up to the Halving of the Bitcoin could make up for that course, put some of the lost territory again: Nearly tripled the rate between 2012 and 2013, as well as between 2015 and 2016 have been able to triple.

It may be that the price of Bitcoin now breaking the downward trend. Anyway, this Resistance will be tested. So, can an investor, it should come back to a tripling, a Bitcoin rate of 12,000 US dollars to 23. In may 2020, the forecast of the next Halving date.

to distribute another Hopium: The Halving was only the beginning. After that, it was the right bull market. Between 2013 and 2014 there was a rise in the Bitcoin-rate of almost 10,000 per cent, between 2016 and 2018, after all, a 2,700 percent. Where the welfare of the next Bull Run, drives the course? It is, in comparison to previous bull markets, almost conservative, an increase of "only" 1,000 per cent, could be investors are looking to Bitcoin rates to the US $ 50,000. But, as I said, this is Hopium, certainly exaggerated hopes.

Litecoin: downward trend

broken, Moreover, this article is less about Bitcoin. On the big brother Litecoins, we looked mainly to be able to learn from the past. Also, if Litecoin can previously look at only a Halving back, the above-described knowledge transfer. Here, too, by the Litecoin price broke some time before Halving the downward trend:

The rate increase to the Halving was only 80 percent. It takes all of the extreme values, this comes to just under 300 percent. As in the case of Bitcoin, the gains are between the break of the downtrend and Halving rather low. In contrast to Bitcoin, Litecoin for a long time, moving after the Halving sideways. Although that still in 2015, could increase the Litecoin exchange rate only in 2017 significantly. The Litecoin-Kuts could rise by a total of nearly 13,000 percent. Good thing wants to have while.

What if Litecoin is very exciting is that The downward trend is now broken. The Litecoin price could now claim several weeks against the since the beginning of 2018, continuing a downward trend. We take the observed pre-Halving developments to the base, up to 6. August 2019 expect rates between $ 85 and 193 US dollars. Further increases after the Halving is not taken into account yet. Litecoins future looks so rosy.

Bitcoin & Altcoins to buy: , crypto currencies, buy, sell, or trade – we have selected the best Broker, stock exchanges and certificates: buy Bitcoin | Ether buy | Ripple to buy | IOTA buy | Broker-comparison

Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.