Litecoin

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Prominent crypto intelligence portal <a href="https://twitter.com/santimentfeed/status/1683631938450657281?s=20" rel="noopener noreferrer nofollow">Santiment</a> has reported a surge in interest in <a href="https://u.today/massive-litecoin-ltc-buy-up-by-whales-ongoing-halving-sentiment-at-play" rel="noopener noreferrer nofollow">Litecoin</a> (LTC) as the highly anticipated Aug. 2 halving approaches. With less than 10 days left until the halving event, LTC's trading volume has seen a staggering 48.5% increase in less than 24 hours, soaring from $377 million to an impressive $560 million. 
<img alt="" data-entity-type="file" data-entity-uuid="d7cd8d92-0a2b-4bc9-a696-f27b4a069ab3" src="https://u.today/sites/default/files/inline-images/santun.png">Source: <a href="https://app.santiment.net/charts?settings=%7B%22slug%22%3A%22bitcoin%22%2C%22ticker%22%3A%22BTC%22%2C%22from%22%3A%222023-07-17T21%3A25%3A00.959Z%22%2C%22to%22%3A%222023-07-24T21%3A25%3A00.959Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22%5B1%3Bprice_usd%3Bbitcoin%3BBTC%5D%22%2C%22%5B1%3Bvolume_usd%3Bbitcoin%3BBTC%5D%22%2C%22%5B1%3Bvolume_usd%3Bethereum%3BETH%5D%22%2C%22%5B1%3Bvolume_usd%3Bbinance-coin%3BBNB%5D%22%2C%22%5B1%3Bvolume_usd%3Bsolana%3BSOL%5D%22%2C%22%5B1%3Bvolume_usd%3Bcardano%3BADA%5D%22%2C%22%5B1%3Bvolume_usd%3Bdogecoin%3BDOGE%5D%22%2C%22%5B1%3Bvolume_usd%3Bpolkadot-new%3BDOT%5D%22%2C%22%5B1%3Bvolume_usd%3Bripple%3BXRP%5D%22%2C%22%5B1%3Bvolume_usd%3Bmatic-network%3BMATIC%5D%22%2C%22%5B1%3Bvolume_usd%3Blitecoin%3BLTC%5D%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%23ffffff%22%2C%22%2326C953%22%2C%22%235275FF%22%2C%22%23FF5B5B%22%2C%22%23FF8450%22%2C%22%23FFCB47%22%2C%22%23F47BF7%22%2C%22%23785549%22%2C%22%23D4E763%22%2C%22%23FFDAC5%22%2C%22%2337D7BA%22%5D%2C%22ws%22%3A%7B%220%22%3A%7B%22interval%22%3A%2215m%22%2C%22node%22%3A%22area%22%7D%7D%7D%5D" rel="noopener noreferrer nofollow">Santiment</a> 
Interestingly, amid this remarkable growth in trading volume, the decline in the <a href="https://u.today/litecoin-ltc-eyes-new-high-amid-halving-fueled-buy-up" rel="noopener noreferrer nofollow">price of LTC</a> seems to have come to a halt, despite having experienced a more than 20% drop since the beginning of June. 
On closer inspection of smaller time frame charts, analysts have identified potential signs of a local bottom forming, indicating a potential shift in market sentiment. 
<img alt="" data-entity-type="file" data-entity-uuid="16b38415-4f82-4996-90f9-2e2e9d654901" src="https://u.today/sites/default/files/inline-images/LTC_7D_graph_coinmarketcap.jpeg">LTC to USD by <a href="https://coinmarketcap.com/currencies/litecoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
Despite the surge in trading volume, prominent crypto analysts hold varying opinions about the future trajectory of LTC's price. 
<h2 id="fun-on-hold">Fun on hold</h2> 
One such analyst, <a href="https://u.today/litecoin-ltc-price-history-reveals-ugly-truth-about-halving" rel="noopener noreferrer nofollow">Benjamin Cowen</a>, pointed to a historical pattern associated with Litecoin's halving events. He revealed that during previous halving years, the price of LTC has tended to fall during the June-July period. Interestingly, Cowen's tweet highlighting this pattern seemed to align with the start of LTC's recent decline. 
In addition to Cowen's analysis, analyst Ali Martinez uncovered another data-driven pattern indirectly linked to the halving. Martinez observed that every time the number of new <a href="https://u.today/litecoin-ltc-halving-may-be-setup-for-sell-off-heres-why" rel="noopener noreferrer nofollow">LTC</a> addresses surpassed 350,000 over the past five years, a substantial price correction followed. Recently, the creation of more than 690,000 LTC addresses has taken place, indicating a potential "sell the news" type of event around the upcoming halving. 
<a href="https://u.today/litecoin-ltc-halving-may-be-setup-for-sell-off-heres-why" rel="noopener noreferrer nofollow">card</a> 
In conclusion, Litecoin's recent surge in trading volume has generated excitement among crypto enthusiasts, but experts remain cautious, predicting the possibility of a price drop.

Litecoin (LTC) Trading Skyrockets: Here's What to Keep an Eye On

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