Prior to the Halving event on August 5, 2015, LTC experienced a notable peak at 7.54 USD on July 10. However, as the Halving day arrived, the price declined to 4.40 USD.
A similar occurrence took place during the 2019 cycle, where LTC reached its highest point at 142 USD on June 23, 2019, but decreased to 93 USD on the Halving day, which was again on August 5.
Following the Halving, a downward trend persisted for several months until Litecoin embarked on another price upswing in January 2020.
Litecoin halving occurs approximately every four years, and it is a significant event in the cryptocurrency world. During a halving, the block reward for miners is reduced by half, leading to a decreased rate of new Litecoin issuance.
Historically, halvings have been associated with price increases due to reduced supply and increased demand dynamics yet the history also shows the pump could be delays by months.
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I guess so as the market is dropping now.