Litecoin's momentum begins to rise as the halving approaches. In previous cycles, this event became a catalyst for large price movements.

Litecoin halving occurs every 840,000 blocks, so the third halving will occur at block number 2,520,000. According to the OKlink analytics platform, it will be mined on August 3, 2023, or in just 100 days.

Historical data will help you predict the price movement of Litecoin ahead of the next halving.

In 2019, the price of LTC increased by 375% and reached $143 a few weeks before the halving. However, the asset spent the rest of the year in a downward trend and ended it at around $40. But when the bull market finally gained momentum, Litecoin staged a real rally - in May 2021, the asset updated its all-time high of $410.