About 8 days before the Litecoin (LTC) halving, the sudden increase in transaction volumes drew attention.
On-chain analytics platform centimentrevealed that interest in Litecoin is increasing with the upcoming halving. A 48.5% increase in trading volumes was a lie as the halving approached in Litecoin. about halving 8 days LTC’s trading volume in less than 24 hours an increase of 48.5% by showing From $377 million to $560 million rose.
On the other hand, the recent decline in the cryptocurrency market Litecoin also had its share. At the beginning of July, as the halving date approaches for $115 LTC, which has risen up to 22% depreciating 90 dollars regressed to the band.
What happened in the previous halving process?
Experienced analyst who made a statement on the subject Benjamin Cowenhighlighted historical data on Litecoin’s halving events. Cowen has also stated that LTC’s in the past halving processes. rises in March-May and then declining as of June. reminded.
Litecoin’s last halving 5 August 2019took place in and after halving approximately There was a gradual decrease over 3 months.
Litecoin halving according to Nicehas data August 3 day, and with this transaction, the reward given to the miners per block From 12.5 LTC to 6.25 LTC will be dropped.
