Traders want to keep an eye on it. In the coming weeks and months. One of the oldest altcoins, LTC could see a price rally, possibly outperforming the broader market, including Bitcoin. .
Here’s why.
of Litecoin The fourth reward is yet to be halved. Around July 27, 2027 when the payment will decrease by 50% to 3.125 LTC. Litecoin has a strange tendency to go down anywhere between six and 12 months before an event.
The evidence is there.
LTC peaked at around $40 in late June 2022, just over a year before the third halving on August 2, 2023. In the medium term, it reached $114 by July 2023, only to return to $80 in the lead-up to the event. In November 2022, the month that crypto exchange FTX crashed and dragged down the broader market, litecoin actually rose more than 40%.
A similar pattern played before the first two parts. In each case, LTC pulled out months earlier, rallied and then pulled back a bit in the event. (Check Daily Signal)
If the date is correct, it means that litecoin can find a bottom anytime now.