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In roughly 202 days, the cryptocurrency network Litecoin (LTC) will experience a block reward halving on or around Aug. 3, 2023. Litecoin will be the first major proof-of-work (PoW) blockchain to see a reward reduction before Bitcoin's upcoming halving, which is expected to occur 203 days from now.
After undergoing two halving events in 2015 and 2019, respectively, Litecoin [LTC] would go through its third halving event by August 2023. The famed event, which occurs every four years, will end with a 50% reduction in newly minted Litecoins.
Will LTC become a millionaire-maker in 2023? This article is all about Litecoin price prediction.
Litecoin started a strong increase above $70 against the US Dollar. LTC price is now trading above $80 and the 55 simple moving average (4-hours).
Historical Litecoin ($LTC) price data suggests that the price of Litecoin could surge months after its haling event, which is set to occur in 2023, to the point it hits a new all-time high next year. The cryptocurrency could, however, endure a correction right after the halving.
Bitcoin and altcoins are extending their rally and traders are hopeful that the gains will push higher after this week's consumer price index data is released.
Litecoin price analysis confirms a bullish trend for the cryptocurrency, as the buying momentum has intensified. A green candlestick has appeared on the price chart, indicating a rise in the coin value after a bearish period of four consecutive days.
On July 19, 2023, Litecoin (LTC), a cryptocurrency inspired by Bitcoin, will undergo its third halving. At a block height of 2,520,000, Litecoin miners will begin receiving a block reward of 6.25 LTC, down from the current reward of 12.5 LTC.
Citing past pre-halving rallies, a crypto strategist explains that Litecoin (LTC) could rally 285% from the bottom.
While the Bitcoin halving is not expected until March 13, 2024, according to Coinwarz data, Litecoin investors can already look forward to the traditionally bullish event as soon as this year. According to NiceHash's estimate, the Litecoin halving will take place in 189 days, on July 19, 2023.
Ahead of Litecoin (LTC) halving, here's how history may determine its price growth
This year will likely mark the bottom for both the stock and crypto market. Thus, it serves as the best time to look for cryptos to buy.
Litecoin price analysis is going through a loss as the price underwent a decline up to $81.98 today. The downtrend has been quite constant since the beginning of this day and so far, it has failed to break out of it.
A closely followed crypto strategist is predicting a massive Litecoin (LTC) rally this year in anticipation of its halving event slated for August. Pseudonymous analyst Rekt Capital tells his 331,800 Twitter followers that Litecoin has a tendency to erupt prior to its halving based on historical price action.
Litecoin (LTC) investors are looking forward to a monumental 2023, a year when the digital asset is expected to undergo its halving event. Indeed, the event is projected to have a bullish impact on LTC's value.
The price of Litecoin (LTC) is steadily rising as the altcoin breaks through the $72 and $80 barriers.
The Litecoin (LTC) price shows bullish signs in the weekly time frame, which could lead to a price appreciation before the third halving in Aug. The post How Litecoin (LTC) Price Will Perform Ahead of August's Halving appeared first on BeInCrypto.
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Litecoin [LTC] has been in the limelight for quite some time due to its increasing hashrate. Recently, a major update was revealed by the Litecoin Foundation after its hashrate reached a new all-time high (ATH) of 763.63 Th/s.
According to Rekt Capital, a renowned crypto analyst, LTC is set to hit an all-time-high amid its July 2023 halving. His prediction bases back to previous litecoin halving history.
A well-known cryptocurrency analyst has warned Bitcoin (BTC) traders that the weekend ahead could be difficult. Popular crypto trader Michael van de Poppe advises his 644,000 Twitter followers to avoid overleveraging BTC as the new year approaches.
The crypto markets that have slumped hard appear to be gearing up significantly for the upswing which could be approaching very fast. The global market capitalization which had declined below $800 billion has again reclaimed the position displaying the resurgence of the bullish.
A widely followed crypto analyst is warning Bitcoin (BTC) traders that the weekend ahead could be a tricky one. Popular crypto trader Michaël van de Poppe tells his 644,000 Twitter followers to avoid overleveraging BTC heading into the first weekend of the new year. “We should be good if Bitcoin remains above $16,600.
