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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/litecoin-halving-event-ltc-price-prediction-post-halving-heres-what-traders-can-expect/">Litecoin Halving Event: LTC Price Prediction Post Halving, Here’s What Traders Can Expect</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Litecoin, one of the leading cryptocurrencies in the world, has found itself at the center of attention as anticipation for its upcoming halving has surged. With predictions of a significant price correction on the horizon, the buzz around Litecoin’s price movements and its relationship with the mining community has market stakeholders poised with both excitement and trepidation.</p> 
<h2 id="litecoin-price-prediction-post-halving" data-name="litecoin-price-prediction-post-halving" class="wp-block-heading"><strong>Litecoin Price Prediction</strong> Post Halving </h2> 
<p>Rekt Capital, a renowned cryptocurrency analyst, had earlier in the year forecasted the potential for Litecoin’s post-halving rally and also its pre-halving peak.</p> 
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   <p lang="en" dir="ltr">Many months later, <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a> has registered its Pre-Halving top around the $115 region<br><br>Picture-perfect rejection from the orange Macro Downtrend<br><br>As per post-Halving tendencies, here's what to expect in the coming months:<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/LTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#LTC</a> may experience deep retracement<br><br>Historically, LTC… <a href="https://t.co/XUz1Woukog" rel="noopener noreferrer nofollow">https://t.co/XUz1Woukog</a> <a href="https://t.co/RP5oYQSVi9" rel="noopener noreferrer nofollow">pic.twitter.com/RP5oYQSVi9</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1686680324992835584?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 2, 2023</a> 
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<p>Interestingly, Litecoin registered its pre-halving peak around the $115 mark, leading to talks of a substantial retracement in the coming months. The predictions range from a 70% correction from the local pre-halving top, aligning with historical retracements ranging from 73% to 83%.&nbsp;</p> 
<p>At the time of writing this article, Litecoin’s value stands at $91.40, having risen slightly in the past 24 hours. As the much-anticipated Litecoin halving looms, less than nine hours away, there’s a palpable sense that Litecoin might be entangled in a well-known market pattern: “Buy the rumor, sell the news.” This market phenomenon could lead to a sharp decline in price after the halving event, reflecting the market’s speculative nature.</p> 
<h2 id="social-impact-and-miner-profitability" data-name="social-impact-and-miner-profitability" class="wp-block-heading"><strong>Social Impact and Miner Profitability</strong></h2> 
<p>The social dominance of Litecoin has also experienced a notable increase. As the countdown continues, many stakeholders are displaying signs of anxiety. The volatile nature of the current Litecoin market is posing a challenge for several investors.</p> 
<p>Mining considerations have come into play as well, with rewards for mining Litecoin set to decrease. This, according to some experts, might affect miner profitability. However, the unique dual-mining mechanism with Dogecoin is said to mitigate these impacts. While Litecoin’s block reward is to be halved, Dogecoin’s reward remains unchanged.</p> 
<p>Litecoin’s relatively smaller size and specific proof-of-work nature might not have a substantial impact on Bitcoin or other altcoins. Litecoin’s current hash rate is 786 terahashes per second (TH/s), a modest figure when compared to Bitcoin’s 356 exahash per second (EH/s).</p>

Litecoin Halving Event: LTC Price Prediction Post Halving, Here’s What Traders Can Expect

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