The Litecoin halving is a significant event that occurs every 840,000 blocks, with the upcoming one drawing closer with just 100 days left until August 3, 2023. Throughout Litecoin's past cycles, big price movements of the asset have been observed right before the halving. In the 2019 cycle, following years of a bear market, Litecoin's value increased 375%. In the previous halving of 2015 there was a surge in prices of over 440%. Moreover, the cycles have not only affected Litecoin's prices, they have triggered major bull cycles which have largely been followed by its bigger brother, Bitcoin.

At the current moment, Litecoin prices have fallen 16% from the 2023 high of $104, trading at about $87.70; this downfall has not been obstructive for the asset to display a 3.4% increase in the past 12 hours. By looking at the history of Litecoin halving, one can suggest that during the transitioning period from the bear market to a bull cycle, the asset could gain large profit leading up to the halving. In this track, the next two months can present open possibilities for investors expecting returns on Litecoin.

Overall, the halving of Litecoin not only has a major impact on the prices of the asset but also the crypto market as a whole. Therefore, the next few months can be full with interesting moments and new moves in the space, especially around Litecoin halving. The asset could rise above three figures despite the existing crypto market scenarios, as history suggests.



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