Litecoin Closes the Week Up 14% as Halving Expectation Gets Priced in
The current price action of Litecoin has pushed it to print a 14% growth in the week to date period. As a leading a LTC oin with a vibrant and functional ecosystem, the positive sentiment boosting price growth at the moment stems from the anticipation of the coming Halving event. advertisement As a PoW protocol, Litecoin also undergoes halving every 4 years, taking similarities to that of Bitcoin. The next halving event according to a recent reminder shared to the community by Litecoin is set to take place in just about 74 days. The update is not alien to the Litecoin community as it is an expectation that has been building up for a while now. The whole euphoria of the Halving appears to be pricing in and is now giving investors the leverage to stay optimistic in the longer term price impact of the event. Core Impact of Litecoin Halving With the cryptocurrency ecosystem still known to largely be in the bear market, every digital currency is i...