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Litecoin vs Bitcoin: Block halving 2020 will not be same for both

LTCBTC

The Litecoin vs Bitcoin debate is a long-standing one, but the Litecoin (LTC) did not receive a boost after its halving, and the same is speculated for Bitcoin (BTC).

Correcting Litecoin followers,@100trillion USD, a twitter analyst begs to differ from the commonly accepted notion. Just because one didn’t cut it, doesn’t mean others can’t either. This is the philosophy that the tweeter goes by. His argument is reasonable; Litecoin’s price isn’t directly related to the stock-to-flow ratio, unlike Bitcoin.

Is Litecoin silver of cryptocurrencies?

Bitcoin halving is considered by the wider community to have a great impact on the cryptocurrency’s price by decreasing the mineable asset’s amount. This increases its demand, and thus, the asset’s price increases.

A small portion of the crypto community has no verdict on the matter, and yet an even smaller portion believes in the opposite to be true. Given the numbers- the verdict that BTC will flourish with the upcoming halving event- wins.

Most of the Skepticism surrounding Bitcoin came from the previous halving event of August 5 when Litecoin went from twenty-five (25) to twelve (12.5) LTC rewarded per block. Yet there was little to no impact on the coin’s price.

PlanB (@100trillionUSD) ran some numbers and did a little homework on why things won’t be the same for BTC.

Stock-to-flow is the total amount of a commodity that is held in inventories, divided by the amount produced annually. With that being said, Litecoin will face trouble in the future because of its non-existent relationship with the law.

The Litecoin vs Bitcoin debate

The higher number of years it takes to mine a certain coin the scarcer it becomes before completely being depleted.

This, in turn, should make the coin rise higher in value due to its increased rarity.

Bitcoin also has a strong relationship with the predicted stock-to-flow value. We’ve seen a similar uptrend in BTC price during the 2012 halving, and the 2012 stock-to-flow ratio seems to be working fine is what the analysts have to say

 

If things were the same for Litecoin, we wouldn’t be having this conversation.

 

Meanwhile, some analysts state that the buyers went away when the halving happened. Things wouldn’t have gone southwards if HODLers weren’t the only ones in the market when the event happened.

https://twitter.com/WhiteRabbitBTC/status/1167764210308304896?s=20

 

One way or another, Litecoin doesn’t hold the same warmth as it once did in the hearts of crypto enthusiast. Time hasn’t been kind to Litecoin, and the future is as uncertain as to the volatility that governs it.

Ahmad Asghar

Ahmad Asghar

A first generation gamer at heart and tech buff by nature, have been involved in the tech sector for better part of a decade. With that insight and knowledge, he now covers blockchain, cryptocurrency and everything fintech so others can make sense of the industry.

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