As Litecoin approaches its third halving, analysis shows this to be it’s most pivotal to date. Litecoin halving A recent tweet thread from Alex of crypto proprietary trading firm Scimitar Capital posed the question of “whether Litecoin even needs to exist anymore.” At the crux of the thread was a price chart that superimposed previous halvings based on days before and after the event against the percentage price increase on the y-axis. Alex noted that, of the earlier halvings, the period -100 days before saw the start of the expected price uptrend — with -50 days seeing a price peak.
On-chain data shows the Litecoin network has continued to see adoption recently as the coin’s halving is only 10 days away now. Litecoin Addresses With 100+ LTC Have Continued To Rise Recently According to data from the on-chain analytics firm Santiment, new addresses have been constantly coming up on the…
The cryptocurrency space thrives on constant dynamism, with daily advancements and events that aim to improve user experience, scalability, and efficiency. Security is another key focus, ensuring the safety of users and their assets. This week, we are eagerly anticipating a significant event that has captured the attention of crypto…