Litecoin Halving 2021: What to Expect in the Cryptocurrency Market, and How to Profit with Libertex

The next halving of the Litecoin cryptocurrency, after which the reward of miners for the mined block will be reduced from 12,5 LTC до 6,25 LTC. What to expect before the halving from the cost of LTC and what the market will observe next – read the material 24 channels.

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The event the market is waiting for

Digital coin halving LTC occurs every 840 thousand blocks. In the entire history of the existence of this cryptocurrency, this process has already been carried out twice – in 2015 and 2019. For the first time, the block mining reward has been reduced from 50 LTC до 25 LTCand the second to 12,5 LTC.

What’s happened ḫalving

This is a halving of the rate of generating new units of cryptocurrency. With its help, the rate of creation of new coins is regulated. After this event occurs, the reward of miners for the received cryptocurrency block decreases.

Each time, shortly before the next halving, the cost of Litecoin began to rise sharply, but then a fairly significant depreciation was observed. In particular, the following fluctuations were recorded:

• Before the halving in 2015, the market value of LTC jumped by more than 5 timesand in 2019 – more than 4 times;
• This was followed by a sharp depreciation – in 2019, reaching the mark $143Litecoin subsequently slipped to 40 dollars.

Now Litecoin holds the $85 mark, since the beginning of this year, the price growth has already exceeded 60%. In all likelihood, this is not the limit. While the coin has slightly moved away from the local maximum, which was fixed in April 2023 at the level $104. But the cryptocurrency is preparing for a new leap. The market capitalization of LTC has now reached the mark $6.2 billionaccording to this indicator, the cryptocurrency account for 12 place among all digital assets in the world.

The market is waiting for the Litecoin halving / Photo by Libertex

Growth Through Expectation

It is likely that this year, on the eve of the halving, Litecoin will be able to show a good price increase, despite the fact that the general situation in the cryptocurrency market remains quite tense.

It is possible that in the near future the price of LTC can overcome the mark of 100 dollarsand then generally reach the mark at the level $150. True, after the halving takes place, they will probably record a depreciation – up to $100 and below.

Probably, already at the end of August – September, the market value of LTC will return to $80 – $90 per coin. Thus, the ascent will be very limited in time. However, investors can capitalize on this situation.

How to use halving

To make a profit on halving, you can, for example, invest in this asset in advance and then sell it at a higher price, as well as carry out the reverse operation. In this case, it is not necessary to have the asset itself available. To implement this plan, it is enough to choose a platform that will provide the appropriate capabilities.

One of them is Libertexcreated by the company Forex Club. This trading platform has been chosen for investments in various assets for over 2.9 million beginners and experienced investors around the world.

U Libertex there is from above 300 different tools for investment. We are talking about both traditional options (currencies, stocks of global companies and commodity assets), and newer options. For example, cryptocurrencies. Thus, everyone can find the optimal asset for themselves in order to reach a profitable level.

The market is waiting for the Litecoin halving / Photo by Pexels

How to start

A few steps are enough to start investing and earning income. To get started, you need to take a few simple steps:

• Open and fund an account with Libertex;
• Choose the right asset;
• Decide on the direction of the investment agreement;
• At this stage, the technical analysis tools built into Libertex will help you make a decision;
• If the investor plans to monetize the growth of the asset, then you need to press the “buy” button, and if it is on the decline – “sell”;
• All that remains to be done after that is to close the deal when the profit on it suits.

All of the above operations can be carried out literally in one window without even leaving your home. A free demo account that already has 50 thousand virtual dollars to gain practical skills. Having mastered the process of making deals, really switch to a real account in one click to start making profit.