Litecoin pre-halving fractal hints at 200% LTC price rally by July 2023

Cointelegraph

Published Nov 03, 2022 06:28AM ET

Updated Nov 03, 2022 08:00AM ET

The price of Litecoin (LTC) could skyrocket by up to 200% by July 2023, coinciding with its halving event, reducing miner block rewards by 50%.

Litecoin has undergone two halvings since its launch in October 2011. The first one occurred in August 2015, which reduced its block reward from 50 LTC to 25 LTC. The second happened in August 2019, which slashed the 25 LTC reward to 12.5 LTC.

LTC/USD weekly price chart featuring halving fractals. Source: TheScalpingPro
LTC/USD weekly price chart featuring Fib line targets. Source: TradingView
LTC/USD weekly price chart featuring pre-1st-halving trend. Source: TradingView
LTC/USD weekly price chart featuring pre-2nd-halving trend. Source: TradingView
LTC/USD weekly price chart featuring pre-3rd-halving trend. Source: TradingView

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