Litecoin

Coin

The weekend is here, and the unsavory trend in the <a href="https://en.coin-turk.com/" target="_blank" rel="noopener" data-wpel-link="internal">crypto</a> markets continues. Of course, there are outliers performing positively within this timeframe. In the coming weeks, a popular altcoin could potentially outperform the market due to the imminent halving. What do the current data tell us? How high can the price rise? Here are the current predictions. 
<h2 style="text-align: justify;" id="span-data-contrast-auto-litecoin-halving-forecasts-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Litecoin Halving Forecasts </h2>
In just 51 days and 1 hour, the block reward for Litecoin miners will reduce by 50%. This reduction, known as halving, has twice in the past led to an increase in the price of the LTC coin. With mining costs increasing, the base price is pushed higher due to halving, and LTC investors could see further rises. 
After a 10% decline due to turbulence in global crypto markets on Monday, the price of Litecoin (LTC) recovered by 3%. On-chain data shows the confidence displayed by Litecoin miners is crucial for early price recovery. 
<img decoding="async" loading="lazy" class="aligncenter wp-image-83818 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/ltc-5.png" alt="" width="1954" height="376" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/ltc-5.png 1954w, https://en.coin-turk.com/wp-content/uploads/2023/06/ltc-5-300x58.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/06/ltc-5-768x148.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/ltc-5-1536x296.png 1536w, https://en.coin-turk.com/wp-content/uploads/2023/06/ltc-5-1200x231.png 1200w" sizes="(max-width: 1954px) 100vw, 1954px" />
Since the beginning of June, there&#8217;s been a positive shift in sentiment among <a href="https://en.coin-turk.com/is-litecoins-looming-halving-a-golden-opportunity-an-analysis/" target="_blank" rel="noopener" data-wpel-link="internal">Litecoin</a> miners. Despite the recent contraction across the industry, they&#8217;ve continued to increase their holdings. In the most optimistic scenario, we might see the price hit a new peak between $120-200 within 51 days. 
<h2 style="text-align: justify;" id="span-data-contrast-auto-ltc-coin-price-prediction-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">LTC Coin Price Prediction </h2>
After the pause on Monday, transaction activity on the Litecoin network is trending upward again. The Active Addresses metric, which tracks transactional activity by summing the number of unique wallet addresses interacting on the network over a seven-day period, indicates this. According to the graph below from Santiment, LTC&#8216;s daily active addresses fell to 2.11 million on Monday, June 5. However, by the June 8 closing, it had rebounded by 20%, rising to 2.53 million. 
<img decoding="async" loading="lazy" class="aligncenter wp-image-83819 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/litecoin-2.png" alt="" width="1950" height="830" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/litecoin-2.png 1950w, https://en.coin-turk.com/wp-content/uploads/2023/06/litecoin-2-300x128.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/06/litecoin-2-768x327.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/litecoin-2-1536x654.png 1536w, https://en.coin-turk.com/wp-content/uploads/2023/06/litecoin-2-1200x511.png 1200w" sizes="(max-width: 1950px) 100vw, 1950px" />
An increase in Active Addresses indicates more users transacting on the network, which ultimately shows that demand for the associated cryptocurrency remains strong. 
The bulls, who managed to push LTC above $95, will give the strongest signal for a return. With less than 2 months remaining for halving, miner accumulation and increased network activity are significant indicators. However, if the price unexpectedly falls below the $82 support, Litecoin could enter a downtrend. In this scenario, support between $77.5 and $75 will be watched. 
The post <a rel="nofollow" href="https://en.coin-turk.com/anticipation-builds-as-litecoin-halving-looms-can-we-expect-a-price-surge/" data-wpel-link="internal">Anticipation Builds as Litecoin Halving Looms: Can We Expect a Price Surge?</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Anticipation Builds as Litecoin Halving Looms: Can We Expect a Price Surge?

Obsah

COINTURK NEWS

Ďalšie články zverejnené 10. 6. 2023

Crypto Market Slump: Regulatory Pressures and Falling Demand Shake up the Scene

Binance.US to Halt All Fiat Withdrawals ‘as Early as June 13’

Avalanche Arcad3; The New Era of Web3 Gaming

NORDEK GREEN: Pioneering Sustainability for a Greener Future

Ethereum Leads Altcoin Sell-Offs as Liquidations Hit Weekly High: Details

Ethereum (ETH) Price Analysis for June 10

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!