The Litecoin Halving Is Coming (Everything YOU MUST KNOW!)

Understanding Litecoin's Halving Event

In this video, the speaker discusses Litecoin's halving event that occurs every four years since 2015. The speaker explains how the halving event affects the price of Litecoin and provides historical data to support their claims. They also provide insights on when to buy and sell during the pre- and post-halving rallies.

Introduction to Litecoin

• Litecoin was created in 2011 as a lighter and faster version of Bitcoin.

• It uses a different algorithm for mining new coins and is often referred to as "silver" to Bitcoin's "gold."

• Like Bitcoin, it is decentralized and operates without a central authority.

Understanding the Halving Event

• Every four years, the reward for mining new Litecoin is reduced by half. This is known as the halving event.

• The halving event is designed to control the supply of Litecoin and maintain its scarcity.

• Historical data shows that the halving event affects the price of Litecoin, with strong rallies pre-halving followed by retracements immediately after, then a second rally post-halving.

Historical Data on Halvings

• In 2015, during pre-rally, Litecoin's price went up 826% over 175 days. During retrace period it pulled back over 75%, and accumulation phase lasted for 623 days. In pulse rally, price went up 12,833% from bottom to top lasting about 287 days.

• In 2019, during pre-rally Litecoins' price went up about 642% lasting about196 days. Then in post-halving rally price shot up over 1710% over427 days.

Buying and Selling Strategies

• To buy before the pre-halving rally begins, look for a big support from the previous runs.

• Look at the previous rallies and use those as the support and buy area. This time around it's sitting around that $40 to $60 mark.

• To sell as close to the top as possible, look back at 2015 and 2019 data. The pre-halving top came in 46 days before the actual halving date. By the time halving actually occurred, price from top was already down 67%.

Litecoin Pre-Halving Analysis: What to Expect

In this section, the speaker discusses how to predict Litecoin's pre-halving rally top and when to sell.

Predicting the Pre-Rally Top

• The speaker suggests that Litecoin's pre-rally top could be in June 2021, based on previous rally patterns.

• The speaker looks for confluence by examining previous resistance levels during rallies. They identify a range between $120 and $235 as a possible resistance zone.

• To narrow down the range further, the speaker identifies a smaller range between $140 and $200 as a potential selling point during the pre-rally.

Pre-Rally Retrace

• The speaker predicts that Litecoin's price will retrace by an average of 75% before reaching its pre-rally top.

• Based on this prediction, they estimate that the pre-rally top will be around $41.

• The speaker notes that this price level coincides with previous bear market bottoms for Litecoin.

Post-Halving Rally Breakout

• No information provided in this section.

Overall, the speaker provides insights into predicting Litecoin's pre-halving rally top and when to sell. They use historical data to identify potential resistance zones and estimate retracement levels.

Litecoin Halving and Post-Halving Rally Predictions

In this section, the speaker discusses his predictions for the post-halving rally of Litecoin.

Post-Halving Rally Bottom Prediction

• The first halving was 609 days, the second was 273 days, and the third could be around 120 days.

• The speaker predicts that the bottom of the retracement might be between $40 to $60.

• He plans to buy back when price touches this range.

Post-Halving Rally Top Prediction

• In 2015, the post-halving rally went up over 12,800 percent.

• The speaker predicts that this time around, we will only see a rally of about 1,710 percent.

• He expects Litecoin's price to go up by a thousand percent or a 10x from its support level here which will put it above $500.

• He sets his range between $500 to $650 as that pulse rally top and new all-time high for Litecoin.

Date Range for Post-Halving Rally Breakout

• In 2017, the post-halving rally lasted about 287 days from bottom to top.

• In 2019 it lasted about 427 days.

• The average is about a year so depending on when that breakout begins is when we'll probably see that top.

• It gives us an idea of when we might see that post-rally top and it's showing us anywhere between the end of 2024 to the end of 2025 beginning of 2026.

Conclusion

In this section, the speaker concludes his discussion on Litecoin halving and post-halving rally predictions.

Final Thoughts

• Cryptocurrency is a once in a generation opportunity so make sure that you do not miss out.

• The speaker recommends checking out his mentorship program for more in-depth breakdowns and trade insights.

• If interested, the link is in the description below.

• If not, he highly recommends checking out the next videos that YouTube recommends to you.