- LTC hash rate hits a historic all-time high as this could be a huge catalyst ahead of Litecoin halving
- LTC rallies above $100, breaking key resistance as price gears to its expected rally
Litecoin halving has had a major trend in the crypto space in recent weeks as LTC halving is approximately five weeks, expected to happen on August 2, 2023, at a block of 2,520,000 with many expectations of the LTC price rallying to a high of $150-$200 before its halving.
Leading up to this great event, the network hash rate has soared, reaching an all-time historic high as this suggests one thing: a catalyst for a higher price rally for Litecoin in the coming weeks and months.
Other Reading: Litecoin – Price Above $80 Ahead Of Halving- Is $200 Incoming?
The buzz surrounding Litecoin halving has had a positive effect as the price of LTC rallied past the region of $100 in the last 24 hours, acting as resistance and sell order region for many traders and investors as the price could eye $150-$200 or even more.
What Date is Litecoin Halving?
A historical event for Litecoin halving will occur on August 2, 2023, at about 18:16:50 UTC, approximately 32 Days and 12 hours from writing this article. You can access the Litecoin halving countdown here. After LTC halving, miners’ rewards of 12.5 LTC for every block transaction will be reduced to 6.25, with much demand for LTC as a means of payment; we could see the price rallying to a high of $1,000 or more in the coming years.
What will happen to Litecoin after halving?
Historical events have proven that the price of LTC rallied by over 200% from the previous halving, and with the hash rate hitting a new record all-time high, we would expect no exception for the price of Litecoin ahead of its halving.
Will Litecoin go up after halving?
Yes, Litecoin will go up and could rally as high as $200 in the coming weeks.
What is the Reward For Litecoin Halving?
After LTC scheduled halving on August 2, 2023, the block size for LTC would be reduced from 12.5 to 6.25 LTC per block size.
Litecoin Halving 2023 Price Prediction
Litecoin price has struggled in the previous week, showing great strength as price held the support above $77, with the price of LTC showing great price action as price broke above $110 ahead of its impending halving; we could see LTC price rallying to a high of $200 to $300 in the coming months.
There are high chances of LTC price rallying above $500 towards the end of 2023 and as we head into Bitcoin halving and crypto altcoins season acting as a catalyst for this great coin.
Litecoin Price
LTC currently trades at $105 as of when writing this article, but we could see price increase exponentially in the coming weeks heading into Litecoin halving.
Bitcoin halving countdown
Bitcoin halving has been scheduled for 2024, 306 days from now; you can follow the halving countdown here.
BCH halving
Bitcoin cash halving happens every 4 years, with the next halving scheduled for December 10, 2023. The next BCH halving reward for miners will be reduced from its currency block of 6.25 BCH to 3.125 BCH.
Does the halving of LTC Have Any Effect On Doge?
NO, LTC halving does not affect the supply on DOGE; it affects just LTC price and miners’ rewards as block size will be reduced from 12.5 to 6.25.
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