Could this be Litecoins rally for mining reward halving from 25 to 12.5.
LTC picked up a bid near $20 in December, tracking the corrective rally in bitcoin – the world’s largest cryptocurrency by market capitalization. Both moved pretty much in unison in January. Things, however, changed last week, with LTC outshining BTC’s 7 percent gain with a 41 percent rise.
LTC’s strong performance comes at least five months ahead of the mining reward halving, or the time at which the amount of litecoins produced as a network subsidy for each transaction block falls is cut in half. On Aug. 8, the mining reward will be reduced from 25 LTC to 12.5 LTC.
Markets are always forward-looking and hence could be pricing in the impending supply drop. Validating that argument is historical data, which shows that the cryptocurrency had rallied in the months leading up to the first mining reward halving, which took place on Aug. 25, 2015.
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Litecoin Rally For Mining Reward Halving https://youtu.be/QsIVdpXvV80
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