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In the last month, the Federal Reserve gave a big “green light” to crypto investors, first by pledging to print more money to backstop the banks, then by easing off the gas with its rate-hike program.
Things were looking rosy until two things happened: The SEC warned exchange Coinbase Global Inc. (COIN) that it was potentially in violation of U.S. securities law, and the Commodity Future Trading Commission (CFTC) sued Binance, which could lead to a trading and registration ban in the United States.
So, cryptos have lost some steam in continuing to push higher.
However, there is one crypto in particular that is worth knowing about because of an upcoming catalyst that will be here in the blink of an eye.
The coin in question is Litecoin (LTC), and the event is a “halving.”
See, lots of investors know about Bitcoin’s halving cycle. Every four years or so, the automatic reward for mining Bitcoin gets cut in half, which tends to reduce the supply of new bitcoins as well… and massively increase the price of BTC.
You can see how being ahead of the curve and investing before the halving event has played out in the past:
But what’s not so well known is that Litecoin has its own halving – and it’s coming up much sooner than Bitcoin’s.
How much further is Litecoin likely to go? How does the halving date factor into a smart trading strategy for LTC?
We asked our senior crypto analyst, Joe Shew, to provide this video. In this exclusive excerpt from his paid subscription services, Joe shows you exactly how to approach Litecoin and its halving wisely.
Because while the event may be happening in August, those who want to capitalize on it should start considering the moves to make now.