Forgotten coin litecoin (LTC) could surprise everyone before its next halving: Crypto Daily

Traders may want to keep an eye on LTC$41.84 in the coming weeks and months. One of the earliest altcoins, LTC may see bullish price action, potentially outperforming the broader market, including bitcoin BTC$62,537.55.

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Here’s why.

Litecoin’s fourth reward halving is due around July 27, 2027 when the payment will drop by 50% to 3.125 LTC. Litecoin has a peculiar tendency to bottom out anywhere between six to 12 months before the event.

The evidence is there.

LTC bottomed in late June 2022 at around $40, just over a year before the third halving on Aug. 2, 2023. In the intervening period, it rallied to as high as $114 by July 2023, only to pull back to $80 in the lead-up to the event. In November 2022, the month that crypto exchange FTX collapsed and pulled down the wider market, litecoin actually rose more than 40%.

A similar pattern played out before the first two halvings. In each case, LTC bottomed out months beforehand, rallied and then dropped back a bit into the event. (Check the Daily Signal)

If history holds true, that means litecoin could find a bottom any time now.