Litecoin: A Rally In The Making

SummaryLitecoin is setting up a pre-halving rally.The coin is also benefitting from increased adoption.Though I see higher prices, there are better cryptos out there.OverviewLitecoin (LTC-USD) was created in 2011. It is actually a Bitcoin (BTC-USD) fork, which means its fundamentals are very similar to those of Bitcoin. Like Bitcoin, Litecoin has a limited supply, and mining rewards halved roughly every 4 years.The key difference between these two cryptocurrencies is that Litecoin was created to transact faster and more cheaply. This is achieved through faster block production, Segregated Witness, (SegWit), and also by enabling Layer 2 solutions like the Lightning Network, which Bitcoin also uses.Litecoin has been described by many as the digital silver to Bitcoin's digital gold. It is also a good and cheap environment to test out applications for Bitcoin.Litecoin has rallied strongly in anticipation of its halving event and higher adoption, but ultimately, digital silver has no real purpose like there was for physical silver.The Litecoin CycleMost people are familiar with the Bitcoin cycle surrounding the halving events. In the past, bitcoin has tended to rally following the halving event and then entered a bear market in the 2 years prior to the next halving.Litecoin also has halving events every four years, and we can also see that price tends to react in a certain way in relation to these.LTC cycle (TradingView)The black l...