With the next halving event now less than 30-days away, Litecoin (LTC) price hit another 2023 peak of $114 Monday. The recent activities of LTC miners and comments from top crypto analysts provide insights into the potential price movements as the Litecoin halving countdown unfolds. 

The next Litecoin halving event is slated for August 2, 2023. As the countdown unfolds, popular crypto analysts Rekt Capital and IntoCryptoVerse deployed historical on-chain data to make data-driven projections ahead of the landmark event. 

Benjamin ‘IntoTheCryptoVerse’ Cowen Anticipates More Litecoin Price Gains 

Popular crypto analyst Benjamin Cowen tweeted his Litecoin halving price projection at his 750,000 followers via @IntoTheCryptoVerse on July 4. 

In the tweet, he captioned the price chart below, saying:

“LTC has historically topped out in June/July of its halving year.”

Litecoin halvings occur in 4-year cycles. With the chart above, Benjamin Cowen painted a bullish projection by outlining how the points where LTC price had peaked ahead of two prior halving cycles in 2015 and 2019. 

Rekt Capital Expects Major Downswing After the Halving 

Rekt Capital is another prominent crypto analyst who made a bullish Litecoin prediction as the halving countdown edges closer. On June 4, he shared a tweet that read, “LTC tends to top a few weeks prior to its Halving” 

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Author: Ibrahim Ajibade

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