Traders might want to keep an eye out in the coming weeks and months. One of the earliest altcoins, LTC could see bullish price action, potentially outperforming the broader market, including bitcoin .
Here’s why.
Litecoin’s fourth reward halving will happen around July 27, 2027, when the payment will drop by 50% to 3,125 LTC. Litecoin has a peculiar tendency to bottom somewhere between six to 12 months before the event.
The evidence is there.
LTC bottomed in late June 2022 at around $40, just over a year before the third halving on August 2, 2023. In the intervening period, it rose to as high as $114 in July 2023, only to pull back to $80 in the run-up to the event. In November 2022, the month the crypto exchange FTX collapsed and dragged down the broader market, Litecoin actually rose more than 40%.
A similar pattern played out before the first two halves. In each case, LTC bottomed months in advance, rallied, and then fell back slightly in the event. (Check the daily signal)
If the story holds true, that means Litecoin could hit a bottom anytime now.
