Analyst: unlike Litecoin, Bitcoin's halving will have a significant effect on its price

The analyst said that unlike Bitcoin, Litecoin's price doesn't have a significant relationship with the stock-to-flow ratio, which makes its halvings less relevant to its price.

Litecoin halvings have very little effect on its price.

With the halving of Bitcoin slowly approaching, many cryptocurrency analysts and experts have voiced their opinions on how the quadrennial event will affect the price of the world's largest cryptocurrency.

While most Bitcoin maximalists believe the reduced supply left after the halving will only increase demand due to the coin's scarcity, there was a strong current of skeptics that claimed the halving would be detrimental to its growth.

As the coin experienced its second halving on Aug. 5 and its price remained unchanged, many said that Bitcoin's own halving would also have very little effect on its price.

Prominent Twitter cryptocurrency analyst PlanB claims this logic is flawed and offered an interesting comparison between Bitcoin and Litecoin to show that BTC's halving would have a significantly different outcome.

Some people think that because litecoin didn't jump on ltc halving, btc halving will also be irrelevant for #bitcoin.

The analyst pointed out that unlike Bitcoin, Litecoin's price doesn't have a significant relationship with its stock-to-flow ratio.

Miners are leaving LTC as block rewards halved while price remains even lower then it was pre halving.

While the halving might not have affected its price, Litecoin will have a tough time protecting itself from the lack of support in the industry.