According to a number of experts, the investment appeal of lightcoin (LTC) has increased significantly. The reason for this is that the experts believe the upcoming cryptocurrency halving is a decrease in the miner's reward for the coin block by half. Note that halving is recognized as the best prerequisite to the rise in price of a digital asset.
In the cryptocurrency sphere, the notion of halving is mainly applied to Bitcoin. However, in the near future, lightcoin will be subjected to this procedure. In a cryptocurrency environment, the concept of "halving" denotes the process of complicating the extraction of virtual currency by reducing the miner rewards by half. At the same time, halving is a stimulant that pushes miners to modernize their own mining equipment.
According to analysts, at the moment, LTC has excellent prospects for growth. Earlier, in May of this year, the cryptocurrency demonstrated a fantastic rise. Its price soared to a dizzying 11,000%, although in a few minutes the digital asset was waiting for a decline. At that time, Litecoin course instantly jumped to the level of $10,000, and then returned to the previous figures of $90.
Since the beginning of this year, the cost of the fourth cryptocurrency capitalization has increased several times. The LTC rate has updated the annual maximum, an increase of 317% since January 2019. At the beginning of the year, Altcoin was trading at $30, and now it is $120.90.
Most professionals assess the overall condition of a digital asset as excellent, attractive from an investment point of view. Weiss Ratings experts raised the cryptocurrency rating to "B". Analysts note the growing interest in Litecoin and the high technical level of this asset, which is supported by effective developer standards.
Weiss Ratings experts noted the high investment attractiveness of lightcoin, and the ratio of risk to potential profitability of a digital asset was rated "B-". The key role here was played by the coming halving, which will take place in almost a month.
Over the past three months, the price of LTC has increased by 104%. Experts believe that before the halving cryptocurrency will grow, and it may collapse after. Nevertheless, market players are counting on the realization of a positive scenario and are ready to invest in this dynamic altcoin.
