Counting Days For Halving, Litecoin Divided Positively From Bitcoin! Will the Rising Continue?

After the US debt limit agreement came positive bitcoinrose by about 2% to $ 27,200.

BTC with altcoinWhile the s are also rising, the halving in the next August Litecoin (LTC) rose by about 5%.

Over $95 with the rise it experienced LTCshows positive price movements ahead of the halving, which is eagerly awaited by investors.

Examining LTC in detail centimentBesides the positive developments in LTC price, Litecoin He also noted that on-chain transaction volumes and whale activity on the blockchain have increased.

Santiment shared the following statements:

“Litecoin’s market cap has increased by 5-6% in the last 24 hours close to a little over 2 months before the expected halving in August.

This increase in LTC price was also supported and supported by the on-chain transaction volume reaching its highest level in 2 years and the highest whale activity since January.”

⚡ #Litecoin‘s market value is +6.5% in the past 24 hours as its halving is now just over 2 months away. This surge has been powered by a massive 2-year high in on-chain transaction volume, and the highest whale activity since January. https://t.co/AcOYEV18tP pic.twitter.com/5x3oHWrl2I

— Santiment (@santimentfeed) June 1, 2023

The halving is expected to raise the Litecoin price significantly. Because after the halving, the reward of LTC miners per block will be reduced from the current 12.5 LTC to 6.25 LTC.

Besides, it will be remembered Litecoin inventor Charlie Lee In a statement made in early May, he stated that he expects a rally of at least 10% against Bitcoin in LTC.

*Not investment advice.