Traders may want to keep an eye on in the weeks and months to come. LTC, one of the first altcoins, could see a bullish price action, potentially outperforming the broader market, including bitcoin. .
Here’s why.
The fourth Litecoin reward halving is expected around July 27, 2027, when the payout will decrease by 50% to 3.125 LTC. Litecoin has a particular tendency to bottom out between six and 12 months before the event.
The proof 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 meantime, it reached $114 in July 2023, only to return to $80 before the event. In November 2022, the month that crypto exchange FTX collapsed and brought the entire market down, litecoin actually rose by over 40%.
A similar pattern occurred before the first two halves. In each case, LTC bottomed months before, rallied and then pulled back a bit in the event. (Check daily signal)
If the story is true, it means that Litecoin could find a bottom at any time.
