Litecoin News

Litecoin (LTC) Halving Arrives in a Week But Price Action Remains Depressed

 Litecoin (LTC) Halving Arrives in a Week But Price Action Remains Depressed
Litecoin (LTC) Halving Arrives in a Week But Price Action Remains Depressed

(LTC) is just a week away from its halving, when the block reward would drop to 12.5 LTC. The asset is yet to reveal the price direction it would take, especially as the entire market is at a crossroads.

LTC traded around $90.23 on Monday, hanging on as the fourth largest coin by market capitalization. Until now, the halvings have historically led to a significant price spike, followed by a slide to lower valuations.

The Litecoin hashrate remains relatively high, above 474 TH/s, still down from a peak of 523 TH/s. This hashrate may also suffer once the reward falls. The Litecoin network only works through 25,000 transactions per day, a rather insufficient number to ensure signifi…

This article appeared first on Cryptovest

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Source: investing.com
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