Tag Archives: Litecoin Halving

Crypto market analytics platform CryptoQuant believes the effects of Bitcoin halvings have been diminishing and that the upcoming event will have an even smaller impact on BTC’s value. In the latest edition of the firm’s weekly crypto report, analysts said the effect of the halving has been reducing because the new issuance of BTC keeps getting smaller in relation to the number being sold by long-term holders, signaling that demand will be the key driver of prices...

Litecoin (LTC) search trend has hit a new yearly peak, according to the blockchain analytic platform, IntoTheBlock. The upcoming halving event – which is currently set for August 2nd – is likely to be a key driver for the heightened interest. Halving events have been known to generate tremendous interest in the days leading up to the fact, as they increase the scarcity, which typically boots the value. Hence, the chatter around the crypto asset intensifying is a given. ITB’s...

Litecoin’s upcoming halving is less than five weeks away, which is expected to happen on August 2, 2023, at block 2,520,000. Leading up to the much-anticipated fact, the network hash rate has already reached a historic high, thereby serving as a positive catalyst for the Litecoin miners As a result of this increased confidence, LTC was up by more than 15% over the past week, climbing near the crucial $100 mark. According to the data compiled by Bitinfohcharts, Litecoin’s hash...

Litecoin’s third halving is officially 100 days away, with the event expected to occur on August 2, 2023, at block 2,520,000. However, the date may change due to the network’s hash rate fluctuations. Halving is a mechanism in which the rewards that crypto miners receive for validating transactions on a blockchain are cut in half. This is done to slow down the rate at which new units of a digital asset are created, thereby creating scarcity and potentially boosting the asset’s...