• Latest
  • Trending
  • All
Litecoin Closes the Week Up 14% as Halving Expectation Gets Priced in

Litecoin Closes the Week Up 14% as Halving Expectation Gets Priced in

May 21, 2023

Hashdex Submits Revised Bitcoin Spot ETF Filing To The SEC, Here’s What Changed

December 3, 2023
Court Rejects Appeal to Dismiss Class Action Suit against Terraform Labs and Do Kwon

Court Rejects Appeal to Dismiss Class Action Suit against Terraform Labs and Do Kwon

December 3, 2023
Companies Find New Use for Cryptomining GPUs

Companies Find New Use for Cryptomining GPUs

December 3, 2023
Ethereum, Dogecoin, and Meme Moguls in December 2023

Ethereum, Dogecoin, and Meme Moguls in December 2023

December 3, 2023
Ethereum Top 10 Whales Now Control 41 Million ETH, A Record

Ethereum Top 10 Whales Now Control 41 Million ETH, A Record

December 3, 2023
ChatGPT Altcoinlerin Geleceğini Tahmin Ediyor: Ethereum (ETH), Ripple (XRP), Cardano (ADA), Litecoin (LTC), Polkadot (DOT) Yükselen Pazarda

ChatGPT Altcoinlerin Geleceğini Tahmin Ediyor: Ethereum (ETH), Ripple (XRP), Cardano (ADA), Litecoin (LTC), Polkadot (DOT) Yükselen Pazarda

December 2, 2023
Idle (IDLE) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Saturday: What’s Next?

Idle (IDLE) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Saturday: What’s Next?

December 2, 2023
Gaming-Focused Ethereum (ETH) Sidechain Ronin Integrates Binance Pay To Enable Easier Wallet Funding

Gaming-Focused Ethereum (ETH) Sidechain Ronin Integrates Binance Pay To Enable Easier Wallet Funding

December 2, 2023
Bitcoin: What rising outflows mean for BTC prices

Bitcoin: What rising outflows mean for BTC prices

December 2, 2023
Tokens and login sessions in IBM Cloud

Tokens and login sessions in IBM Cloud

December 2, 2023
NW MN Power Company Sues 2 for Allegedly Stealing Electricity for … – lptv.org

NW MN Power Company Sues 2 for Allegedly Stealing Electricity for … – lptv.org

December 2, 2023
The Burden of Proof(s): Code Merkleization

The 1.x Files: December call digest

December 2, 2023
Sunday, December 3, 2023
DLT EMPIRE
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market
No Result
View All Result
DLT EMPIRE
No Result
View All Result
Home Litecoin

Litecoin Closes the Week Up 14% as Halving Expectation Gets Priced in

by Cuevas Antonio
May 21, 2023
in Litecoin
0
Litecoin Closes the Week Up 14% as Halving Expectation Gets Priced in
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


The cryptocurrency ecosystem is seeing a gentle bullish run this weekend with Litecoin (LTC) notably driving the pattern. The Proof-of-Work (PoW) blockchain protocol broke its essential resistance value at $90 and is changing hands at precisely $92.29 after inking a 2.04% progress over the previous 24 hours. 

The present value motion of Litecoin has pushed it to print a 14% progress within the week to this point interval. As a number one altcoin with a vibrant and useful ecosystem, the optimistic sentiment boosting value progress for the time being stems from the anticipation of the approaching halving occasion.

As a PoW protocol, Litecoin additionally undergoes halving each 4 years, taking similarities to that of Bitcoin. The following halving occasion in keeping with a recent reminder shared to the group by Litecoin is ready to happen in nearly 74 days. The replace just isn’t alien to the Litecoin group as it’s an expectation that has been increase for some time now.

The entire euphoria of the halving seems to be pricing in and is now giving buyers the leverage to remain optimistic in the long run value impression of the occasion. 

Core Affect of Litecoin Halving

With the cryptocurrency ecosystem nonetheless recognized to largely be within the bear market, each digital forex is searching for a lift to energise their hidden potential in each the brief and long run.

For the brief time period, Litecoin benefitted in some ways and the protocol has re-echoed the way it stays one of many networks with the perfect uptime since its inception. Litecoin serves as a cost token, and with its rising adoption, it has not skilled any type of hiccup or outage as in comparison with different outstanding protocols.

Litecoin can also be welcoming LTC-20 standards to showcase comparable utility that the Bitcoin community is now presently rising extra well-liked for. 

Whereas all of those elements are contributing to boosting the long run efficiency outlook of LTC, the upcoming halving is by far a very powerful, seeing it would introduce a component of shortage to the protocol. This shortage has a excessive upside for value progress and sensible cash buyers are driving on this potential to go lengthy on the coin.

Benjamin Godfrey is a blockchain fanatic and journalists who relish writing about the actual life functions of blockchain know-how and improvements to drive normal acceptance and worldwide integration of the rising know-how. His wishes to teach folks about cryptocurrencies evokes his contributions to famend blockchain based mostly media and websites. Benjamin Godfrey is a lover of sports activities and agriculture. Observe him on Twitter, Linkedin

The introduced content material might embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty to your private monetary loss.





Source link

Tags: ClosesExpectationHalvingLitecoinPricedWeek
Share196Tweet123Share49
Cuevas Antonio

Cuevas Antonio

  • Trending
  • Comments
  • Latest
ChatGPT is Being Used to Make ‘Quality Scams’

ChatGPT is Being Used to Make ‘Quality Scams’

March 20, 2023
Rise of AI-Powered Cheating: Challenges and Solutions for Educators

Rise of AI-Powered Cheating: Challenges and Solutions for Educators

March 20, 2023
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

April 10, 2023
Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

0
24 Crypto Terms You Should Know

24 Crypto Terms You Should Know

0
Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

0

Hashdex Submits Revised Bitcoin Spot ETF Filing To The SEC, Here’s What Changed

December 3, 2023
Court Rejects Appeal to Dismiss Class Action Suit against Terraform Labs and Do Kwon

Court Rejects Appeal to Dismiss Class Action Suit against Terraform Labs and Do Kwon

December 3, 2023
Companies Find New Use for Cryptomining GPUs

Companies Find New Use for Cryptomining GPUs

December 3, 2023

Recent News

Hashdex Submits Revised Bitcoin Spot ETF Filing To The SEC, Here’s What Changed

December 3, 2023
Court Rejects Appeal to Dismiss Class Action Suit against Terraform Labs and Do Kwon

Court Rejects Appeal to Dismiss Class Action Suit against Terraform Labs and Do Kwon

December 3, 2023
Companies Find New Use for Cryptomining GPUs

Companies Find New Use for Cryptomining GPUs

December 3, 2023

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Blockchain Games
  • Business
  • Crypto
  • Crypto Mining
  • Cryptocurrencies
  • Cryptocurrency
  • Culture
  • Defi
  • Dogecoin
  • Economy
  • Education
  • Entertainment
  • Ethereum
  • Featured
  • Gambling
  • Governance
  • Health
  • Lifestyle
  • Litecoin
  • Market
  • News
  • Sports
  • Uncategorized
  • Web 3.0
  • World

Converter

Cryptocurrency Prices by Coinlib

© 2023 Dlt Empire | All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market

© 2023 Dlt Empire | All Rights Reserved