Benzinga - As the Litecoin (CRYPTO: LTC) halving event approaches in August, anticipation around how it will impact the cryptocurrency’s price action continues to mount.
What Happened: Pseudonymous analyst BlockchainSanta on Tuesday said that LTC may experience a potential 200% upside in the days leading up to the halving, based on the cryptocurrency’s historic performance during previous halving events.
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"Likely a good idea to start buying spot LTC in May, as history tends to rhyme," the analyst tweeted.
$LTC – Halvening in AugustHistorically, #LTC has rallied up to +200% leading up to its halving, and with #Litecoin set for its next halving in August, Santa is observing this very closely.