Litecoin Halving is expected on August 2nd. Specifically, the Bitcoin halving event has triggered major crypto rallies in the past. Similarly, the last two Litecoin halvings led to a notable price increase in the months that followed. According to Litecoin creator Charlie Lee, LTC price will rise by a 10% margin against Bitcoin in the next bull run. Lee explains his views on this subject as follows:
I can see an upside target of 10% (0.025 LTC/BTC). Reaching 5% (0.0125) in the next bull market is not too difficult. To be honest, I don't think it will go much below 1% (0.0025) on the downside. The next halving will be in ~92 days. This will be fun.
Lee's bullish sentiment is supported by Litecoin's strong fundamentals. As a result, Lee states that Litecoin has tons of potential as it can handle a higher throughput by design without sacrificing security aspects.
Litecoin is the third largest Proof-of-Work Blockchain after the Bitcoin network and Dogecoin. For LTC, which is trading around $87.94, a 10% increase against Bitcoin would correspond to a retest of LTC's ATH in dollar terms. A break above ATH, which has been consolidating in the same range since 2017, when the crypto bull market ended, could lead to price discovery for the altcoin.
