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Litecoin (LTC-USD) price predictions are worth checking on today as investors take note of the crypto ahead of its halving.
This will mark the third time that Litecoin has taken part in a halving event. Doing so will alter the rewards paid to miners on the blockchain. The upcoming drop will take it from 12.5 LTC per block to 6.25 LTC per block.
It’s worth pointing out that the rise in price for LTC makes sense compared to previous halvings. When these previous events happened, traders boosted prices in preparation for them.
So when is the next Litecoin halving taking place? We’re still a ways off from it with the third halving set to occur roughly eight months from now. Even so, Litecoin is rising and could see even greater gains. Let’s get into that below!
Litecoin Price Predictions
Starting off our coverage of LTC today is Gov Capital with its one-year price estimate of $207.8390430899 for the crypto.
Next on our list is WalletInvestor with its one-year price prediction of $64.081 for the token.
Closing out our coverage of Litecoin is DigitalCoinPrice with its average 2023 estimate of $191.23.
To put those Litecoin price predictions in perspective, the crypto was trading for $77.74 at the time of this writing. Investors will also note that LTC is up 11.5% over the prior 24-hour period as of Wednesday morning.
Investors seeking more crypto news will want to keep reading!
We’ve got all of the hottest crypto coverage traders need to know about on Wednesday! Among that is an incredibly bullish Bitcoin (BTC-USD) price predictions from Cathie Wood, as well as some cryptos to keep in mind for a market recovery. You can check out all of this news at the following links!
More Wednesday Crypto News
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
This article has been originally published at: https://investorplace.com/2022/11/litecoin-price-predictions-where-can-a-halving-take-the-ltc-crypto/