Litecoin

Wednesday

Impact

<ul> 
 <li><strong>Litecoin (LTC) halving is expected to bring a scarcity in LTC supply.</strong></li> 
 <li><strong>The trading volume kept increasing irrespective of the LTC drop.</strong></li> 
</ul> 
<p>Litecoin Halving, the recent talk of the town is approaching the crypto world in just three days. However, the Litecoin (LTC) holders are <a href="https://thenewscrypto.com/anticipated-litecoin-ltc-rally-hasnt-happened-before-halving-event-heres-why-investors-are-turning-to-vc-spectra-spct-and-apecoin-ape/" target="_blank" rel="noopener noreferrer nofollow">rushing up</a> as the halving is just away reported Santiment, a platform of behavior analysis.&nbsp;</p> 
<h3 class="wp-block-heading" id="ltc-holders-activity">LTC Holders’ Activity</h3> 
<p>With the analysis of crypto enthusiasts and traders, this event is considered to be an aggressive bullish push in the crypto industry.&nbsp;</p> 
<div align="center"> 
 <blockquote class="twitter-tweet"> 
  <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> With <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Litecoin</a>'s highly anticipated <a href="https://twitter.com/hashtag/halving?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#halving</a> event within arm's reach on Wednesday, key traders holding between $9.5k and $950k worth of <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LTC</a> are aggressively accumulating. Like most coin halvings, this is being perceived as a <a href="https://twitter.com/hashtag/bullish?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#bullish</a> event by traders. <a href="https://t.co/wkpoOrceCS" target="_blank" rel="noopener noreferrer nofollow">https://t.co/wkpoOrceCS</a> <a href="https://t.co/1UrxCdcoGS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/1UrxCdcoGS</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1685567752348852224?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 30, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
</div> 
<p>According to <a href="https://app.santiment.net/charts?settings=%7B%22slug%22%3A%22litecoin%22%2C%22ticker%22%3A%22LTC%22%2C%22from%22%3A%222023-06-30T07%3A00%3A01.108Z%22%2C%22to%22%3A%222023-07-31T06%3A59%3A59.108Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22HolderDistributionCombinedBalanceWidget%22%2C%22wm%22%3A%5B%22%5B3%3Bholders_distribution_combined_balance%3B100_to_1k%3B1k_to_10k%5D%22%2C%22price_usd%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%235275FF%22%2C%22%23126027%22%5D%2C%22ws%22%3A%7B%220%22%3A%7B%22node%22%3A%22area%22%2C%22axisMin%22%3A%2217950000%22%2C%22axisMax%22%3A%2218200000%22%7D%2C%221%22%3A%7B%22node%22%3A%22bar%22%2C%22axisMax%22%3A%22114%22%2C%22axisMin%22%3A%2260%22%7D%7D%7D%5D" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>, the coming Wednesday might hit the Litecoin holders to trade in the range between $9.5k and $950k. To mention, the dolphins and the sharks stacked 205.4K LTC in their wallets till the 14th of June 2023.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/zy3obZ8FFZQaYk6d-0Q77Xah95t-6mJL2PW8Qk-DEURqjtXh5Hv4Mo4N4GyOF3D8GC-c2aH1FvN7ejndLmtqqKq4-0pN7kf1B7Ug4VIn4ePmTaTmEAAhRtXRHcBO5bPH35_ayxbRqHG1ZEdBanlg1Tc" alt=""> 
  <figcaption class="wp-element-caption"> <em><em>Litecoin (LTC) 24H Price Prediction (Source: <a href="https://coinmarketcap.com/currencies/litecoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>)</em></em> 
  </figcaption> 
 </figure> 
</div> 
<p>Meanwhile, the records say that the Litecoin network has involved in 33M transactions in the last 6 months till June. Currently, the market price has sloped down by a 1.03% range at $93.79. Nevertheless, the 87.48% circulating supply is surging the trading volume with a surge of 17.70% ranking 9th position in <a href="https://coinmarketcap.com/currencies/litecoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>.</p> 
<h3 class="wp-block-heading" id="h-litecoin-prediction-and-updates">Litecoin Prediction and Updates</h3> 
<p>Considering the long-term prediction of LTC, the bullish price might reach up to $134.57. There are expectations that there could be a 50% surge in the next 7 years as per the predictors.</p> 
<div align="center"> 
 <blockquote class="twitter-tweet"> 
  <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Litecoin activity is leading the market right now. <br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;">An analysis…<br><br>1⃣ A major social engagement spike to 2.16M social engagements within one hour occurred. This measures the depth of activity around social posts. Things like retweets, comments, etc. are included here to… <a href="https://t.co/GY6qCLVR9S" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/GY6qCLVR9S</a></p>— LunarCrush (@LunarCrush) <a href="https://twitter.com/LunarCrush/status/1685715161729126400?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 30, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
</div> 
<p>Now, the social engagement of the <a href="https://thenewscrypto.com/litecoin-ltc-price-prediction" target="_blank" rel="noopener noreferrer nofollow">LTC</a> is getting huge and the participation of traders and investors hitting the majority of the crypto community. As per LunarCrush, Litecoin makes the strongest combination of trading and social engagement in the crypto market.&nbsp;</p> 
<p>Regarding the upcoming third Litecoin halving, the schedule is set for August 2nd of 2023. This time, the block reward would reduce to 6.25 LTC for the miners; this exists when 2.52M blocks are mined overall. There is a possibility of increasing scarcity as nearly 87% of coins are mined and the rest would fall in demand.</p> 
<p><strong>Related Crypto News:</strong></p> 
<p><a href="https://thenewscrypto.com/litecoin-halving-2023-predictions-and-crypto-market-impact/" target="_blank" rel="noopener noreferrer nofollow">Litecoin Halving 2023: Predictions and Crypto Market Impact</a></p>

As Litecoin Halving Nears, LTC Holders Increase Exponentially

Table of Contents

TheNewsCrypto

Other articles published on Jul 31, 2023

Crypto Experts Are Debating, Can Hybrid Exchanges Compete With CEX? OKB vs Tradecurve

Shiba Inu (SHIB) Prints Big Green Candle on Momentous Third Anniversary

Is American Express Stock (AXP) Price Heading Towards The $200 Mark?

MoneyExpo India 2023: Showcasing the Future of Finance with Fintech and Crypto Companies

Coinbase's Base Chain TVL Surged 10000% in One Day

While Exits From Institutional Bitcoin Funds Continue, Money Inflows To These Altcoins!

Join our free newsletter for daily crypto updates!