litecoin (LTC), also Known as Lite version of The largest cryptocurrency bitcoin (BTC), was suffering from a bear market Conditions as they are down down nearly 78% from its all-time high (ATH) of $412.9 in May 2021.
However, like the LTC20 halving Coming closer, experts believe it can improve dramatically networkand the asset’s price could rise. the eventthat set It is happening on August 10, will decrease blockchain mining rewards From 12.5 LTC or 6.25 LTC, depending on market Santiment intelligence platform.
Moreover, A.J price An explosion is expected, according to Santiment, for two main Reasons - Miners will try to mine more tokens before eventand it will be the current LTC worth more as slower production of Every coin is expected.
According to Santiment’s insights, the LTC20 was discovered by the crowd halving To be less than three months away on May 14 With investors excited, litecoin price From $80 to about $86 in 24 hours.
24 hours trading amount also It exploded from the $300 million mark to over 700 million dollars that day.
Moreover, the number of unique Litecoin addresses exploded within a range first week of May, access to a one-year-high, according to Santiment. Visions expect a price “amazing down”Because some investors may take it upon themselves -term earnings.
Litecoin is up by 1% in the past 24 hours and with 5% rise over the past week. the asset He is trading at $92.11 at the time of writing. However, LTC is 24 hours a day trading Trading volume decreased by 17.2%, dropping to $380 million.
You must log in to post a comment.