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Analyst: Upcoming Litecoin Halving Could Ultimately Send LTC Surging



As the cryptocurrency markets continue to be battered by frequent bouts of volatility and face growing downwards pressure from bears, investors are keen on finding events that could reverse their investment’s price descent. Litecoin (LTC) is one such cryptocurrency that has dropped significantly from its all-time-highs, but an upcoming event may be able to change its price trend.

One prominent cryptocurrency analyst is quick to point out that if history repeats itself, Litecoin could see its price surge at some point in the next couple of years as investors see the impact of its upcoming block rewards reduction event – commonly called a “halving.”

Litecoin (LTC) Down Over 90% from All-Time-Highs

 At the time of writing, Litecoin (LTC) is trading up almost 4% at its current price of $32.70 and is one of the few major cryptocurrencies that has posted gains today.

Although LTC is trading up slightly from its 2018 lows of $23, it is presently trading down over 90% from its…





Read Full Story : NewsBTC

2019-02-02 00:00:35

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