Top crypto analyst Benjamin Cowen is warning about Litecoin (LTC) after its halving event while updating his outlook on Bitcoin (BTC).
Cowen tells his 754,600 Twitter followers that the peer-to-peer payments network will likely decline in price after Wednesday’s halving event when miners’ rewards were cut in half.
“As mentioned a month ago, LTC tends to peak in June/July of its halving year and then fade into the halving. Following the halving, history shows you should temper your expectations on LTC until the post-halving year (2025).”
Source: Benjamin Cowen/Twitter
According to his chart, Litecoin historically rallies two months prior to a halving event then goes on about a year-long decline before rallying in the subsequent year.
Litecoin is trading for $87.46 at time of writing, down 6.8% in the last 24 hours.
Looking at Bitcoin, Cowen believes that an outflow of altcoin market liquidity into BTC is sustaining Bitcoin’s rally as indicated by the declining total market cap

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