Today, on the day of the litecoin halving, when, according to some analysts, the rate of LTC should please investors, the cost of altcoin has risen by about 10% at the time of this writing.
Even before the halving, dissatisfied comments began to appear on the network that, on the eve of the much-anticipated event, the LTC course did not demonstrate positive dynamics. In the afternoon, however, the cost of altcoin increased slightly. In the morning, LTC traded at a price of $ 95, at lunch the rate reached $ 104.
Meanwhile, Litecoin representatives have already reported on their Twitter blog that the halving took place. Now the reward for the mined block will be 12.5 LTC, not 25 LTC – such an award has been relevant up to now, starting from August 25, 2015.
Celebrating Litecoin's 2nd block halvening! ? https://t.co/yOa4Dlz713
litecoin (@litecoin) August 5, 2019
Erik Turner, research director at Messari, explains that in a bear market, some participants viewed LTC-halving as a good deal at a fundamental level — that is, the market was overcrowded. In anticipation of the same halving, some participants begin to leave the game. According to Turner, halvings, as a rule, are already “included in the price in advance,” therefore the event itself is not a positive catalyst, as many may think.
In general, today leading altcoins show growth. Ethereum, Bitcoin Cash, Bitcoin SV, Monero, NEO were the most distinguished – their rate increased by approximately 5% -6%. It is impossible not to draw attention to Bitcoin, the rate of the flagship cryptocurrency exceeded the level of $ 11,700 today. It is noteworthy that yesterday analyst Max Keyser gave a forecast that this week the value of BTC will reach $ 15,000.
