By en.coin-turk.com on August 15, 2023
The halving did not surprise the old Litecoin investors. The price is steadily dropping and BTC is supporting it. The negative sentiment in the king cryptocurrency, supported by LTC’s historical halving performance, caused the decline. The price was at $82 at the time of writing. So what will happen next? Litecoin Price Analysis The price of Litecoin (LTC) remained in the range of $81-85 throughout last week. When we take a closer look at on-chain data, the possibility of LTC price dropping below $65 in the coming weeks comes to mind. Halvings are significant events for every Proof of Work network. They greatly affect price movements and, more importantly, mining activities. On-chain data shows that mining activity has started to slow down since the last Litecoin halving event on August 2nd. This situation will concern whale investors, intensify the ongoing decline in transaction activity, and trigger a larger price drop. […]
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