Litecoin

ORDI

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Top market whales are massively accumulating Litecoin (LTC) in what is a positive undertone for the protocol in the short term. <a href="https://twitter.com/ali_charts/status/1681437953569226752?s=20" rel="noopener noreferrer nofollow">According</a> to a Santiment insight, Litecoin whales have bought over 590,000 LTC in the last 48 hours, worth around $59 million. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Litecoin</a> whales have bought over 590,000 <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a> in the last 48 hours, worth around $59 million! <a href="https://t.co/RtHpuzSkFt" rel="noopener noreferrer nofollow">pic.twitter.com/RtHpuzSkFt</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1681437953569226752?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 18, 2023</a> 
</blockquote> 
The accumulation is now taking the form of a pattern as whales appear to be pricing in the forthcoming halving event of the Litecoin protocol. The halving is <a href="https://u.today/litecoin-ltc-to-undergo-halving-in-only-20-days-details" rel="noopener noreferrer nofollow">scheduled</a> for sometime in August and is tagged as one of the most significant events in the protocol. 
<a href="https://u.today/13-of-litecoin-ltc-supply-unmoved-in-years-in-positive-twist-for-network" rel="noopener noreferrer nofollow">card</a> 
Halving can bring a lot of positivity to Litecoin as block rewards for miners will be slashed by half. This means that the rate of production of the LTC coin will be <a href="https://u.today/litecoin-ltc-next-price-direction-hinted-at-by-crypto-analyst-details" rel="noopener noreferrer nofollow">reduced</a>, a feature that is technically deflationary which, when merged with the growing demand, can have a unique upside for the price. 
Litecoin, like most of the altcoins, is charting a bullish run riding on the confluence of positive data surrounding it. At the time of writing, the <a href="https://coinmarketcap.com/currencies/litecoin/" rel="noopener noreferrer nofollow">coin is up by 2.19%</a> to $93.39. At the current level, it is pushing to pare off the losses accrued over the past week. 
<h2 id="confluence-of-positivity">Confluence of positivity</h2> 
Litecoin is currently at a point in its existence where there is indeed a confluence of positivity that is contributing to shaping investor sentiment across the board. 
<a href="https://u.today/litecoin-ltc-smashes-historic-milestone-ahead-of-halving-event" rel="noopener noreferrer nofollow">card</a> 
Besides the halving event, Litecoin has been gaining ground in its role in payments, with new records and milestones to show for it. With over 170 million transactions <a href="https://u.today/litecoin-ltc-smashes-historic-milestone-ahead-of-halving-event" rel="noopener noreferrer nofollow">processed</a> on the network to date, Litecoin is one of the few protocols that has maintained 100% uptime since its inception. 
The emergence of Ordinals Inscriptions on Litecoin is also a positive push showing just how flexible and innovative the protocol is.

Massive Litecoin (LTC) Buy-up by Whales Ongoing, Halving Sentiment at Play?

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