Litecoin, The Return of the King
Litecoin has not had a good month. Down 27% in the last 30 days, and an 18% drop in BTC terms. Markets are hard to predict and even the most seasoned technical analysts seemingly get it wrong about half the time. This is just one reason you should be dollar cost averaging in any asset. Simply, markets are too hard to predict. If markets are hard to predict, then what should one rely on? Fundamentals. And the fundamentals of Litecoin have never been stronger. Hash-rate is up, transaction value is holding strong (slightly up), and Mining fees remain extremely low. Transaction speed continues to be blazingly fast. Seriously try it, almost instant transactions. Litecoin's 3rd halving has come and gone. Now miners are going to be yielded 6.5 LTC for every block mined. Like we have seen before, immediately after halvings the price has gone down. This occurred for both Bitcoin and Litecoin's previous halving. Mining rewards have been reduced and perhaps that's the immediate reason