Stale Mate for LTC: Litecoin Halving Hype Fails to Push Price
Adekunle Joshua
The Litecoin halving is a scheduled event that will reduce the block reward for mining Litecoin by half.
The halving is expected to happen on Wednesday, August 2, 2023.
There has been a lot of hype surrounding the LTC halving, but the price of Litecoin has actually been declining in recent weeks.
Some analysts believe that the price of Litecoin could drop after the halving, while others believe that it could rise.
The best course of action for investors is to wait and see what happens after the halving before making any decisions about buying or selling LTC.
Despite the excitement and higher daily trading volume that LTC has enjoyed so far—which, according to Coingecko, has remained close to $1.1 billion—the price of LTC, however, has been quite sluggish as of late.