Litecoin Price Prediction: LTC is Going To $200 Soon – Halving In 20 Days
Unlike most of the top ten assets like Bitcoin and Ethereum, which are down 1.1% and 0.9%, respectively, to $30,385 and $1,872, Litecoin price shows vivid signs of a breakout taking shape. advertisement Is Litecoin Price Ready for a Pre-Halving Rally Litecoin, like Bitcoin, goes through four-year cycles marked by an event referred to as Halving or halvening, which slashes the reward for mining a block of LTC by 50%. Halving is designed to control the supply and inflation of the coin, which has a maximum limit of 84 million. In 20 days, investors are expecting the next LTC halving on August 2, at block 2,520,000, when the miner reward will drop from 12.5 LTC to 6.25 LTC per block. While the impact of the halving event on Litecoin price is uncertain, the crypto has already seen its market value grow by 28% in one month. Meanwhile, investors have, in the last few weeks, been filling their bags ahead of the August 2 event, which changes supply and demand dynamics...