Few events are as hotly anticipated as proof-of-work halvings. Of course, most crypto users will know that Bitcoin halving can usher in a new bull market for Web3, but what about Litecoin halving?
Litecoin halving usually has an interesting effect on the Litecoin price. While it may not impact the rest of the crypto markets directly, undervalued projects such as AltSignals look ready to benefit from the changing market conditions that the Litecoin halving brings.
For early-stage investors, the AltSignals native token, ASI, is currently available during a popular presale event.
AltSignals shines as the Litecoin price reacts to the upcoming Litecoin halving
Litecoin halving, in a similar way to Bitcoin, comes every four years. In the past, the Litecoin price has risen in the run-up to the event before rapidly retracing back to previous support.
With the next Litecoin halving due in just two months, investors have been preparing for what might be a significant run for one of crypto’s oldest and most established tokens. The Litecoin price has retraced recently and may be preparing for the next leg up.
Meanwhile, AltSignals’ token presale has attracted the attention of various investors since it first went live. In addition, investors have been bullish on the future of the platform after it announced that it’s releasing an AI-powered trading toolkit — the likes of which are rare in the crypto markets.
Investors can still buy ASI tokens during its earliest phases of development. The presale is in stage one, with the ASI token available at the $0.015 price level for any savvy long-term investor.
What is AltSignals?
AltSignals is an online trading platform that brings profitable trading signals to its community. The platform has served over 50,000 users since 2017 and is expanding its blockchain offering to include a highly sought-after AI trading tool.
AltSignals’ original trading tool, AltAlgo™, helped traders to 10x their portfolio in 19 months since it first went live. The tool shares trading signals for Binance Futures and has had an impressive average accuracy rate of over 64%.
ActualizeAI, the new AI-powered trading tool being developed by AltSignals, is expected to boost the accuracy rate even further. ActualizeAI brings machine learning capabilities to the trading tools, which use natural language processing (NLP) and predictive modeling to analyze vast amounts of market data.
How does ASI work?
The ASI token provides direct access to ActualizeAI. Traders can link the artificial intelligence indicator to any market pair, and it will automatically provide buy and sell signals with the potential for gains.
AltSignals is also developing a range of DeFi services for the platform. Services include staking ASI, which allows token holders to earn a passive yield, and voting rights in governance proposals released by the project.
As well as this, ActualizeAI will be accompanied by an exclusive online trading community called AI Members Club. Members can gain early access to high-potential crypto projects during presales and private sales, which often produce significant percentage returns for backers.
AI Members Club will also host online trading tournaments. These events will reward the winners with massive crypto prize pools, with ASI tokens up for grabs for anyone who beats the competition. In addition, ASI token holders can also test out the latest trading tools from AltSignals and gain an edge while navigating the crypto markets.
Will ASI reach $0.25 in 2023?
ASI will climb from $0.012 to $0.02274 during the presale’s five stages. Early backers can expect significant returns post-launch, as price analysts have highlighted its deflationary tokenomics and extensive utility as reasons to be bullish.
ASI could breach the $0.30 threshold in 2023 alone. This would be more than 10x from the end of the presale, which reflects the project’s unique AI-based solution, which helps traders navigate the markets and make a profit over the long term.
What is Litecoin?
Litecoin was designed as an alternative to Bitcoin, with a faster transaction confirmation time and lower transaction fees. Unlike traditional currencies, Litecoin exists on a decentralized network and is not regulated by any central authority or financial institution.
The blockchain is based on an open-source protocol secured by complex mathematical algorithms. Litecoin has gained a strong following among cryptocurrency enthusiasts and investors, with a market capitalization of over $6.5 billion in May 2023.
Will LTC reach $150 in 2023?
The Litecoin price enjoyed a solid start to 2023, rising approximately 30% in the first few months of the year. Price analysts expect further upside ahead of the Litecoin halving, which may be a “sell the news” event.
The Litecoin halving typically causes a mid-term price reversal for the Litecoin price before it continues its uptrend into the crypto bull market (usually caused by the Bitcoin halving). Experts are forecasting that the Litecoin price will reach $120 soon, but whether the token reaches this level before the halving is uncertain.
AltSignals vs. Litecoin price: Could ASI outperform despite Litecoin halving?
The Litecoin halving has historically been a bullish signal for the crypto markets. It signals that the Bitcoin halving is around the corner, which tends to produce an overall bull market in the crypto sphere. This could serve AltSignals in a significant way — a brand new utility for Web3 traders seeking to make a profit over the long term.
Experts are expecting AltSignals to outperform the Litecoin price in the coming years. This is mainly due to diminishing returns due to the difference in market cap, as AltSignals is a brand-new cryptocurrency that looks ready to attract significant backing. The ASI token sells at $0.012 during stage one of the presale.
You can participate in the ASI presale here.