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Litecoin halving of 2019

derangedvisionsPosted for Everyone to comment on, 2 years ago2 min read

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Stocking up

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At the time of this writing, we have just under 27 days and 19 hours until the halving of Litecoin. This could mean a big surge in price over the next 27 days, or it could mean nothing, but I am hoping for some price action as the halving approaches.

So what is a halving?

Every 840,000 blocks the block mining rewards will be cut in half. When LTC halves those rewards will go from 25 to 12.5 LTC. For a more in depth explanation check out this video that was made prior to the first halving back in 2015:

Right now there are 62,599,875 out of the 84,000,000 LTC in existence. Prior to the last halving the there was some serious price action where it went up over 400% from $2 to over $4.50.

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I am hoping that we see some similar movement over the next month as people stock up on LTC. When the price begins to move, I think people will begin to FOMO, pushing the price up even more.

This morning I traded some ETH for 22 LTC and I will be monitoring the price movement over the next month. I am hoping that LTC starts to push higher. If we see some similar gains like the last halving, we could see LTC prices reaching over $300 to $400 by the middle of next month.

At that point I would trade most of my LTC back to ETH, BTC and other crypto because I think there will be a drop in price as a lot of people start to take profits. I think ETH could see some decent gains as we move towards the end of the year as well.

Are you stocking up on LTC?

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As the halving approaches, are you going to be stocking up on Litecoin? This may be a good chance to snag some while it is at a discount before the run. Or the price may not go anywhere. Who knows. The crypto world is a bit wonky at times. That is why you shouldn't invest any money that you aren't afraid of losing.

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