While the Bitcoin halving is not expected until March 13, 2024, according to Coinwarz data, Litecoin investors can already look forward to the traditionally bullish event as soon as this year. According to NiceHash’s estimate, the Litecoin halving will take place in 189 days, on July 19, 2023. The approaching halving has prompted analyst Rekt Capital to examine Litecoin’s historical price trends before and after the halving in order to provide a prediction for the coming months. 285% Litecoin Rally In The Cards? Rekt Capital notes that LTC tends to rally quite a lot before halving. Before halving 1, the price bottomed in 122 days and rose +820% afterward. Before halving 2, LTC bottomed in 243 days and rallied by 550%. After both halvings, however, the price gains were even stronger. As the chart below from Rekt Capital shows, Litecoin is up +14,200% after the first halving, and after the second halving, it was “still” 1,574%. From this, the analyst derives the historical tendency that LTC tends to rally stronger after the halving than before. However, this does not mean that investing before the halving is not historic ..
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