COINDESK
7:36 AM ET Jun-24-2026
Traders may want to keep an eye on litecoin (LTC) 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).
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.
The token is also in the news for its DeFi (DEFT.NaE) ambitions. Since a testnet launch in April, LitVM, Litecoin's first EVM-compatible virtual machine, has processed over 63 million transactions. More than 1.5 million wallets have been created in the past two weeks alone, pushing the total to over 4.4 million.
Still, LTC looked weak, teetering close to $40, the 2022 bear market low. It might be the only prominent decade-old coin trading near its previous bear market low, as BTC and ETH hover well above their 2022 levels.
That low could give way if risk-off sentiment in equities and currency markets worsens, and if Thursday's U.S. core PCE, the Fed's preferred inflation measure, shows sticky price pressures in the economy, potentially sending bitcoin below $60,000. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."
COINDESK
7:36 AM ET Jun-24-2026
Traders may want to keep an eye on litecoin (LTC) 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).
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.
The token is also in the news for its DeFi (DEFT.NaE) ambitions. Since a testnet launch in April, LitVM, Litecoin's first EVM-compatible virtual machine, has processed over 63 million transactions. More than 1.5 million wallets have been created in the past two weeks alone, pushing the total to over 4.4 million.
Still, LTC looked weak, teetering close to $40, the 2022 bear market low. It might be the only prominent decade-old coin trading near its previous bear market low, as BTC and ETH hover well above their 2022 levels.
That low could give way if risk-off sentiment in equities and currency markets worsens, and if Thursday's U.S. core PCE, the Fed's preferred inflation measure, shows sticky price pressures in the economy, potentially sending bitcoin below $60,000. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."
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