The post Litecoin (LTC) Halving Could Lead To Gains, But Why Do Investors Prefer This New Altcoin Contender appeared first on Coinpedia Fintech News
Does Litecoin Halving Increase Price?
Investors in Litecoin (LTC) are careful about the forthcoming halving event, which happens every four years on the Litecoin network. The current block reward for Litecoin (LTC) is 12.5 Litecoin (LTC), which will be reduced to 6.25 Litecoin (LTC) following the halving, and consequently, decreasing the pace at which Litecoins (LTC) are minted.
This process of halving will continue until about the year 2142. Litecoin (LTC) is trading at $85.59, down 11.19% in the last week, with a market size of $6.23 billion and a 24-hour trading volume of $527.65 million.
Despite the recent decline, the price of Litecoin (LTC) has reinforced its bullish attitude by passing the nine-day exponential moving average (EMA). Litecoin (LTC) has developed an inverted head and shoulders pattern, indicating a trend reversal. Th
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