Month 4: $65 to $94.3, an increase of 45%;
May 23 to May 26: $86 to $116, an increase of 35%;
June 7 to June 12: $103 to $140, a 36% increase.
For the market trend after the LTC halved, the Odaily Planet Daily collected opinions from several analysts. Most analysts believe that the halving of the market is almost the same, and there should be a callback after landing, but analyst Chen It is believed that the trend of LTC after this halving is more optimistic than the trend of currency price after halving in 2015.
“At the beginning of July, I rushed to the top in early July, then fell sharply, and then swayed for more than a year. This time the LTC halved on June 22, and the trend before the top has been Very slow. The market should be worried about the trend after 2015, so this round of adjustment is relatively large.” Analyst Chen Zheng said.
Coindesk analyst Omkar Godbole analyzes, “After the (last) halving, LTC prices are still in the narrow range of $2.5 to $5.5 until strong buying in April 2017 If history can be used as a reference, then LTC may have a sideways trend after halving next week, unless BTC moves to a new high of $20,000.”
Image courtesy of Chen Zheng
However, Chen Zheng also analyzed: “Comparing these two trends, this time LTC’s trend is relatively stronger, has surpassed the 0.618 times rebound of the digital golden section ratio, so I think the market outlook for this production cut will be It is more optimistic than the currency price trend after the production cut in 2015. The last time LTC will start to rise again in early April 2017, it will not be used again. It is estimated that it will be a few months.”