Litecoin (LTC), one of the pioneering cryptocurrencies in the industry, has been at the center of attention in the last 10 days. As the crypto community eagerly awaits the upcoming halving event, Litecoin's price and market activity have experienced significant fluctuations. In this article, we delve into the key developments surrounding Litecoin in the past week, explore the concept of halving, and analyze its potential impact on the cryptocurrency's future.

Litecoin's Price Performance:

Over the last 10 days, Litecoin's price has been characterized by notable volatility. The cryptocurrency initially saw a surge in price as bullish sentiment swept the market. Litecoin's price reached a multi-month high, fueled by increasing adoption, growing interest from institutional investors, and the broader market's bullish momentum.

The Halving Event:

One of the most anticipated events in Litecoin's history is its halving, which is scheduled to occur every 840,000 blocks. The halving, a programmed mechanism within Litecoin's blockchain protocol, involves reducing the block reward miners receive for validating transactions by half. The event is designed to control inflation and ensure a more sustainable supply of Litecoin over time.

Litecoin's halving event, which happens approximately every four years, is expected to occur soon after the publication of this article. Traders and investors are closely monitoring this event, as previous halvings have historically impacted Litecoin's price and market dynamics.

Historical Halving Impact:

In the past, Litecoin's halving events have resulted in significant price movements. Both the 2015 and 2019 halvings saw notable increases in Litecoin's price in the months leading up to and following the events. The concept of scarcity introduced by halving often drives demand, as investors anticipate a potential reduction in supply. However, it is essential to remember that past performance does not guarantee future results, and other factors can also influence Litecoin's price.

Market Sentiment and Speculation:

As with any major event in the cryptocurrency market, halvings can fuel speculative trading and investor sentiment. Leading up to the halving, traders may engage in "buy the rumor, sell the news" behavior, resulting in increased price volatility. It is crucial for investors to approach Litecoin's halving with caution, keeping in mind that short-term price movements can be influenced by market sentiment and speculation.

Impact on Mining Activity:

Litecoin's halving also has implications for miners. With the block reward cut in half, miners' revenue is reduced, potentially impacting the profitability of mining operations. Some miners may decide to halt their mining activities temporarily until market conditions become more favorable. This, in turn, can affect the network's hash rate and mining difficulty.

As Litecoin approaches its highly anticipated halving event, the cryptocurrency has experienced significant price volatility in the last 10 days. Investors, traders, and enthusiasts are closely watching the market for signs of potential price movements following the halving.

Litecoin's halving is a crucial event that underscores the cryptocurrency's commitment to a sustainable supply schedule. While historical trends suggest possible price increases after the halving, investors should exercise caution and consider various factors that can influence Litecoin's price.

As always, it is essential for investors to conduct thorough research, stay informed about market developments, and exercise responsible risk management when engaging in cryptocurrency trading. The cryptocurrency market is highly speculative and can be subject to sudden changes in sentiment, making it crucial for investors to approach Litecoin's halving with a prudent and long-term perspective.

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Litecoin price has been consistently underperforming despite the upcoming halving event.

But investors can expect one last rally that tags the $115 hurdle before the third halving event kickstarts.

A decisive flip of the $73 support level could trigger a further 21% crash to $57.78. 

Litecoin price has been wandering aimlessly around a critical level. Unable to successfully flip it or break down below it, LTC has been a boring coin to trade for investors. But with the third halving event happening in roughly three months, volatility could start to heat up. 

Read more about Litecoin’s third halving event: Litecoin could display strong performance ahead of its next halving event

Litecoin price remains calm

Litecoin price has had trouble flipping the $95.75 hurdle since January 29. After multiple failed attempts to overcome this blockade, LTC crashed 38% from a local top at $105. A quick V-shaped recovery from $64.98 saw the altcoin undo these losses almost completely and set up another local top at $103.63. 

The recent attempt also failed, which knocked Litecoin price down by 18% to graze the $77.68 to $84.24 demand zone. Going forward, if LTC digs deeper into this zone, it will provide sidelined buyers a chance to accumulate the altcoin at a discount.

If enough interested investors step in, it could trigger a Litecoin price rally that successfully flips the $95.75 hurdle and tags the $115.23 barrier. This move would constitute a 37% gain for investors. 

In a highly bullish case, Litecoin price could scale higher and retest the $131.79 hurdle. 

While the bullish outlook for Litecoin price makes logical sense, it is contingent on the recovery above $95.75. If buyers fail to step in after a retest of the $77.68 to $84.24 demand zone, it will signal weakness.

Such a development could see Litecoin price sink lower and retest the $73.40 support floor. A decisive flip of this barrier will invalidate the bullish thesis for LTC and potentially trigger a 21% nosedive to $57.78.

#Binance #BTC #crypto2023 #litecoin #ltc

Litecoin price consolidates inside a bullish pennant pattern that forecasts a 35% upswing to $125.

In a highly bullish case, investors can expect LTC to extend beyond $125 and tag the $131 hurdle.

A daily candlestick close below $87 will invalidate the bullish thesis.

Litecoin price shows a clear sign of tightening below a crucial hurdle. This development could reveal its intentions on April 10 as the second week of quarter two kickstarts. The formed setup forecasts a bullish outlook for LTC, so investors need to keep a close eye on the altcoin for potential breakouts.

Litecoin price prepares for new week’s volatility 

Litecoin price is hovering inside a bullish pennant formation. This technical setup contains a massive run-up followed by a tight consolidation. In this case, LTC’s 35% ascent between March 11 and 24 formed a flagpole. Following this is the ongoing consolidation in the form of a pennant. Combined, this formation is termed a bullish pennant.

This continuation pattern forecasts a 35% upswing which is obtained by adding the flagpole’s height to the breakout point. For Litecoin price, the breakout point could occur around $92, which reveals a target of $125. 

In addition to breaking out from the bullish pennant formation, Litecoin price needs to flip the $95 hurdle into a support floor. This move will be a secondary confirmation of an upswing. 

While the 35% forecast for Litecoin price is based on the bullish pennant formation, a failure to push past the formed setup and the $95 hurdle will signal weakness in the buyers’ camp. 

In such a case, if Litecoin price produces a daily candlestick close below the critical support level at $87, it will invalidate the pennant formation and its bullish thesis.

#Binance #crypto2023 #BTC #litecoin #keepbuilding

The global online news industry has seen significant growth in recent years, with more and more people turning to online sources for their news. However, this growth has also brought with it a number of challenges, including fake news, misinformation, and a lack of transparency. Blockchain technology offers a way to address these challenges and disrupt the way the global online news industry works.

Verification

One of the key challenges facing the online news industry is the proliferation of fake news and misinformation. Blockchain technology can help address this challenge by providing a way to verify the accuracy of news stories. By storing news stories on a decentralized blockchain, it becomes much more difficult for malicious actors to manipulate or fabricate news stories. This could help reduce the spread of fake news and misinformation, and restore trust in the online news industry.

Transparency

Another key challenge facing the online news industry is a lack of transparency. Many online news platforms are owned and operated by large corporations, which can make it difficult for readers to understand the motivations and biases behind the news stories they read. Blockchain technology can help address this challenge by providing a way to track the ownership and distribution of news stories. By storing this information on a decentralized blockchain, readers can have a more transparent view of how news stories are created, distributed, and consumed.

Monetization

Finally, blockchain technology can disrupt the way the online news industry is monetized. Traditionally, online news platforms have relied on advertising revenue to generate income. This has created a perverse incentive structure, in which news platforms are incentivized to maximize engagement and keep readers on their sites for as long as possible, regardless of the impact on readers' mental health or the quality of the news content.

Blockchain-based news platforms, on the other hand, can use token economics to incentivize positive behavior. For example, readers could be rewarded with tokens for verifying the accuracy of news stories, participating in constructive discussions, or supporting independent journalists. This would create a more positive incentive structure, in which readers are rewarded for contributing to the platform in a constructive and meaningful way.

Conclusion

The global online news industry is facing significant challenges, including fake news, misinformation, and a lack of transparency. However, blockchain technology offers a way to address these challenges and disrupt the way the industry works. By leveraging the power of verification, transparency, and token economics, blockchain-based news platforms can create a more fair, transparent, and accountable news ecosystem. This could help restore trust in the online news industry and ensure that readers have access to accurate, high-quality news content.

The article first appeared on: https://www.linkedin.com/pulse/how-blockchain-disrupt-global-online-news-industry-ninov-mba/

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Litecoin halving is a process where the mining reward for each block is cut in half. It happens approximately every four years and is meant to decrease the rate of coin production and increase the value of the coin.

Is halving good for miners?

Litecoin halving can be good for miners because it can increase the value of the coin. However, it can also decrease the amount of rewards they receive for mining.

If the price of Litecoin doesn't increase after the halving, miners may receive less rewards for their efforts. However, the decreased rate of coin production can help to create a more stable supply and demand ratio as halving will reduce the reward for miners and less mining reward means less available supply in the market.

The price of Litecoin should be attractive enough for miners to continue mining it. However, if the price doesn't increase after the halving, it may become less profitable for miners to mine Litecoin. I mean think about it for yourself , if you want to mine an altcoin you need an attractive price that will recover your electricity cost and provide you some good rate of returns.

The History of LiteCoin Chart After Halving

This is what Litecoin did post halving of 2019 price dropped 70% after halving.

Altcoin halving and bitcoin halving is different

Coins reward reduce after halving , Litecoin reward will be dropped to 6 LTC .

There is no comparison between bitcoin halving and ltc halving as bitcoin demand is much higher than litecoin. Each time a coin halves it reduces the profit as reward reduces and cost of mining remains the same.

Bitcoin is held by big mining firms and whales too. To keep the miners profitable whales / institutions or whatever you call it they keep the prices well above the mining costs and also as i mentioned above demand is the big factor as bitcoin demand is continuing to increase and supply is reducing it pushes the price up.

The case with #litecoin is different , many people mine altcoins to make money out of it. mining altcoins is risky as alts are volatile and pay less reward because of less prices. As the reward of litecoin will be reduced even more after this halving it will be less attractive for miners to mine it because electricity costs are going higher and the reward going down along with prices.

If you think #LTC will go up after halving , it is less likely in my opinion based on how price reacted in the past and how it will be even less profitable than before to attract the new miners.