Less Than 10 Hours Left Til Litecoin Halving! What's About To Happen Will SHOCK Everyone!

Many of you may have heard this saying. They say, "buy the rumours and sell the news!" In fact, last time Litecoin block rewards halved, it dumped pretty hard! Many are expecting a similar move this time around, but don't understand that Litecoin has barely pumped this time compared to the previous halving! In fact, it's dumped back to almost its lows against Bitcoin at around 0.008 BTC where it was before it had a rally towards 0.017 BTC and then pull back again.

Sure the price of Litecoin has appreciated quite a bit in US dollars from its lows at appx. 20 dollars. But professional traders in the cryptocurrency market do not price things like Litecoin in US dollars, but rather in satoshis and so in their eyes, Litecoin has barely pumped! The reason they do that is because of the psychology of most investors. If investors wanted to price an altcoin in US dollars, and they thought that Bitcoin is going to outperform their altcoin, they would simply invest in Bitcoin instead! Legitimate alternatives to Bitcoin MUST outperform Bitcoin in the long-term for them to survive; otherwise, they're going to get the "shitcoin" brand and die off!

Litecoin is not a "shitcoin" and anyone in their right mind knows this. It had a fair launch and its initial distribution was much better than Bitcoin as there were a lot more people aware of the technology and competed in the mining process rather than only "Satoshi Nakamato" when it comes to Bitcoin. Almost every single exchange has listed Litecoin and Litecoin is almost as liquid as Bitcoin. It's also faster and costs less as its tx fees are much lower and it's also more affordable. The only power that Bitcoin has over Litecoin really is that there are more orders across the board against Bitcoin than Litecoin. Almost everything in the space with professional investors and traders is priced in Bitcoin including Litecoin itself! That is pretty important but we shouldn't let this lose sight of the other aspects of Litecoin.

The fact of the matter is that in a few hours, Litecoin block rewards are going to halve. That is they're going from 25 LTC per 2.5 minutes down to 12.5 LTC per 2.5 minutes. That is appx. 7200 Litecoins per day! We know that a big portion of the sell pressure comes from miners because they have to pay for their electricity bills and so they dump a big portion of what they mine, if not all of it! Now imagine that in a few hours, they're going to have to either stop mining because it's not worth it, of it they do, they're going to have 7200 less Litecoins to dump everyday!

7200 Litecoins everyday is a astonishing 684,000 USD! It's a huge sell pressure lifted from the markets which makes pumping Litecoin a lot easier. I think the professional whales will pump Litecoin either immediately after halving or a few days after halving. They will do this because they can then provide the missing supply themselves and slowly inject it into the market at higher prices. It just works!

Everything in markets work based on supply and demand. The demand for Litecoin hasn't changed. In fact, the halving and the potential pump of its price, can bring in even new demand for it. But the supply of Litecoin is about to change. The new supply is about to halve and that is a potential increase of at least 100% in the price of Litecoin against Bitcoin. Do not be surprised if you see Litecoin jump back to 0.016 BTC where it was a few weeks ago, or even higher after halving!

Always remember that markets are smarter than you! They love to surprise you because that is how they can make money from you. Do not chase a market that has already moved too much in one direction. Always look for opportunities in places where the markets have not yet made any significant move. There, you will find potential and you can easily grab at least 100% profit in a very short period of time!

This is not financial advice but rather only my personal opinion. Trading cryptocurrencies is extremely dangerous and can result in the loss of a lot of your capital. Be cautious and do your own research!