Litecoin halving is just a few days away.
Analysts are optimistic that the event will help the coin chart a bullish growth in the near term.
As the Litecoin (LTC) halving event draws closer, it looks like the altcoin is having a field day. With the halving event only a few days away, renowned on-chain data analytics firm Santiment has reported a growing interest in Litecoin. In less than 24 hours, LTC trading volume surged by almost 50%, moving from $377 million to an impressive $560 million.
While there has been a remarkable surge in LTC trading volume, its price decline has come to a halt. The cresting price comes after the coin lost more than 20% of its value within one month starting in June. Analysts have noticed a potential market sentiment shift from close analysis of smaller time frame charts.
Analyst Benjamin Cowen recalled a recurring trend associated with an LTC halving event. According to Cowen’s historical analysis, the price of LTC usually falls between June and July wh

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