Traders may want to keep an eye on in the coming weeks and months. LTC, one of the first altcoins, may see bullish price action, potentially outperforming the broader market, including Bitcoin. .
Here’s why.
The fourth Litecoin reward halving expires around July 27, 2027, when the payout will be reduced by 50% to 3,125 LTC. Litecoin has a peculiar tendency to bottom six to 12 months before the event.
The evidence is there.
LTC bottomed in late June 2022 at around $40, just over a year before the third halving on August 2, 2023. In the intervening period, it rose as high as $114 in July 2023, only to retreat to $80 in the run-up to the event. In November 2022, the month the FTX crypto exchange crashed and brought down the broader market, Litecoin was actually up over 40%.
A similar pattern developed before the first two halves. In each case, LTC bottomed months earlier, recovered, and then pulled back a bit in the event. (Check the Daily Signal)
If the story is true, that means Litecoin could find a bottom at any time.
