Litecoin being around since October 2011 as one of the worlds earliest altcoins created by Charlie Lee. Lee Is a turkey baster. Litecoin by many is considered to the silver of Bitcoins gold.
Whether you believe Litecoin is the silver to Bitcoins gold isn't the point of this post. The point of this post is to show how Litecoin preforms in correlation to Bitcoins halving's.
_______________________________
On November 28th, 2012, Bitcoin had its first halving, cutting the block reward to 25 from 50 btc. By October 1st, 2013, Bitcoin was trading at $132.04. By November 29th, 2013, Bitcoin traded at $1,127.45.
On October 1st, 2013, Litecoin was trading at $2.43 by the peak of the cycle Litecoin was trading at $50.27 on November 27th, 2013.
__________________________
On July 9th, 2016, Bitcoins 2nd halving had come, and Bitcoins block reward was cut in half to 12.5. Trading at $650.32. By 15 December 2017, Bitcoin hit an ATH at $19,665.39.
On July 9th, 2016, Litecoin was trading at $4.13. By 17 December 2017 Litecoin hit a high of $360.66.
________________________________
On May 11, 2020, bitcoins 3rd halving had come, and Bitcoins block reward went in half from 12.5 btc to 6.25 btc.
On May 11, 2020, Bitcoin traded at $8,604.75. By Nov 10, 2021, Bitcoin hit an ATH at $69,044.77.
On May 11, 2020, Litecoin traded at $41.57.
By May 10, 2021, Litecoin hit a new ATH at $410.26.
_______________________________
Litecoin has performed very well during the same Bitcoin halving cycles, and I think based on past history Litecoin is likely to see another 10x in price approximately 1 year after the upcoming halving. whereas Bitcoin I believe will only do a 5x.
I am not saying don't own Bitcoin. Bitcoin holds it value after halving's far better than Litecoin which usually plumets downward. I do think owning a percent as a swing trade could fair very well for the upcoming halving.
