If history is any indication, we can expect Litecoin to drop in value following the August 2 halving. After the two previous Litecoin halvings, LTC’s price dropped in the first month after each event. In addition, the logarithmic prediction for Litecoin expects the same story to repeat this year, with LTC dropping to $71.33 by September.
While past performance is not necessarily an indication of future activity, the markets often move in cycles. Major pre-programmed events like Bitcoin halvings, Litecoin halvings, and other major updates to the supply of cryptocurrencies are especially impactful when it comes to the prices of underlying assets.
In this article, we are going to examine what we can expect following the Litecoin halving that took place on August 2nd and dive into Litecoin halving 2023 price predictions.
What is Litecoin price prediction after halving 2023?
According to the Litecoin price prediction algorithm on CoinCodex, the price of Litecoin is expected to drop by more than -32% in the next month, reaching $71.33 in early September. In the next 3 months, LTC could drop to as low as $66.28.
These price movements loosely reflect Litecoin’s performance following the first and second LTC halvings in 2015 and 2019. Both times, LTC’s price decreased in the month after each halving – roughly -5% in 2015 and -32.5% in 2019.
Interestingly, the price of LTC peaked about a month before each Litecoin halving so far and started decreasing as the halving event approached.
Litecoin price prediction 2023-2025
Beyond the three-month mark, Litecoin is forecasted to face a prolonged period of sideways movement, trading in a range-bound zone between $76 and $61 for most of 2024. It isn’t until the fourth quarter of 2024 that Litecoin is expected to start gaining momentum again, with LTC eventually surpassing the $100 mark at the end of the year.
By the halfway point of 2025, Litecoin could reach as high as $202, which would be the highest price Litecoin has traded at since late 2021. Between the middle point and the end of 2025, we could see the peak of the next crypto bull run, which could be the reason why LTC is forecasted to rally at that time.
As things currently stand, it seems quite likely that we’ll see Litecoin repeat price performance from previous halving cycles. The price of Litecoin peaked about a month before the first and second halving, and the same happened the third time around. However, LTC could start mounting a comeback in late 2024 and reach a multi-year high in the first half of 2025. $LTC #dyor