Litecoin ( LTC ) plummeted 6 percent to $86 after its halving, its lowest level since June 30, according to CoinDesk price data.
Greg Cipolaro, head of global research at digital asset investment firm NYDIG, said in a report last week that Litecoin’s halving cycle has been expected.
It will have troughs and peaks before the halving event, and in previous halving years, LTC peaked about four to six weeks before the halving happened, then fell during the halving and bottomed out after the halving.