Litecoin halving experience: Bitcoin price will not be affected much during the reward halving period

Litecoin halving experience: Bitcoin price will not be affected much during the reward halving period


According to Longhash analysis, since Litecoin's reward halving, the median weekly transaction fee has fallen by 22%, roughly in line with its market value loss, and weekly transaction volume has also fallen by about 5%. But not all indicators have fallen. Weekly adjusted transaction volume has increased by 21%, which means that there are more funds circulating on the Litecoin network since the halving. In addition, weekly active addresses have also increased by about 35%, although most of the growth came from a peak in network activity around August 10. Overall, the Litecoin reward halving has released mixed signals. Both bulls and bears will find meaningful indicators to support their arguments, but the reality is that Litecoin's 2019 reward halving does not necessarily provide much reference for Bitcoin's reward halving in 2020. The decline in Litecoin's price may be more affected by the overall crypto market than by any factors related to the halving. The fundamentals of the Litecoin network have not actually been affected at all. As for Bitcoin's reward halving in 2020, we can expect prices to fluctuate up and down with overall market trends and other network indicators. However, Litecoin’s experience suggests that Bitcoin’s performance during the reward halving period will probably not be greatly affected.




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