COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Market Expectation Increases as Litecoin Halving Approaches
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Litecoin (LTC) > Market Expectation Increases as Litecoin Halving Approaches
Litecoin (LTC)

Market Expectation Increases as Litecoin Halving Approaches

In Brief

  • As the historic moment of the Litecoin block reward halving approaches, the cryptocurrency market is filled with anticipation. This milestone event signifies a new chapter for the Litecoin network, and as a result, there has been an increase in buyer-dominated transactions in the past month. The market optimism that has emerged has boosted the price […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

As the historic moment of the Litecoin block reward halving approaches, the cryptocurrency market is filled with anticipation. This milestone event signifies a new chapter for the Litecoin network, and as a result, there has been an increase in buyer-dominated transactions in the past month. The market optimism that has emerged has boosted the price of the altcoin by 5%, bringing Litecoin closer to its $100 target.

Contents
What is the Litecoin Halving Event?Bullish Market Trend

What is the Litecoin Halving Event?

The Litecoin halving, scheduled for August 2, 2023, will mark the third block reward halving in the Litecoin network. To understand its significance, we must take a short journey back to past events. In the last halving event in 2019, the rewards paid to miners for processing transactions and securing the network decreased from 25 LTC per block to 12.5 LTC. The upcoming event will further reduce these rewards to 6.25 LTC, introducing a new layer of complexity and intrigue to the cryptocurrency landscape.

Historically, halving events have had a significant impact on the price of Litecoin. For example, during the 2019 halving, the price increased from $29 to $136, a massive 403% surge between January and June. Despite market pressures in the following months, this event highlights the potential price changes that halvings can trigger.

Bullish Market Trend

Market data analysis platform Santiment provides evidence of this upward trend. Wallets with values ranging from 9.5 thousand to 950 thousand dollars have been actively accumulating the cryptocurrency since June 14, indicating broad market optimism for Litecoin’s post-halving expectations. Litecoin experienced a 5% increase in its 24-hour price and over 220% increase in trading volume, reaching intraday highs of $95. Over $1 billion worth of LTC has been traded in the past 24 hours, indicating a lively market eagerly awaiting the halving event.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Bitcoin Holds Its Ground as SEC Keeps Crypto Community in Suspense

Market Movements Highlight Litecoin’s Potential for Growth

Litecoin Surges as Market Corrects: Bright Prospects Ahead

Canary Capital’s Litecoin ETF Gains Momentum with DTCC Listing

Litecoin Stands Out as Other Cryptos Struggle in February 2025

COINTURK NEWS 31 July, 2023 - 3:59 pm 31 July, 2023 - 3:59 pm
Share This Article
Facebook Twitter
Share
Previous Article Coinbase’s Layer 2 Network Base Ignites Memecoin Frenzy with Staggering Surge
Next Article Critical Development: Tether (USDT) Releases Its Striking Report!
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Solana Races to the Top: Outshining Ethereum with Unprecedented Metrics
Solana (SOL)
Discover Bitcoin’s Journey to Its Next Big Leap!
Cryptocurrency News
Coinbase Fights Back Against Cyber Threats with a Bold $20 Million Reward
Coinbase
LaunchCoin Skyrockets in a Week Surpassing Expectations
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?