Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Litecoin Forum => Topic started by: Coinpedia Fintech News on May 02, 2023, 11:53:15 AM
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The Litecoin community is preparing for the third halving event in three months. Scheduled to take place on August 02, the third Litecoin’s halving will see the miners rewarded with 6.25 coins per every successful block. The predictable coins supply in Litecoin is similar to the Bitcoin network, which in turn has the same effects on the underlying value. Notably, Bitcoin halvings have in the past triggered major crypto rallies.
Similarly, the past two Litecoin halvings have culminated in a notable price increase in subsequent months.
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Let’s hope the upcoming halving create a significant impact on the current market. I feel there is going to be an upsurge of LTC before the halving, due to the halving LTC has started gaining lots of attention and awareness in the crypto market which is gradually going to cause an increase in its demand. Just of recent Bitget exchange announced LTC Pre-halving event with a prize pool of $60,000 for users, also new users who has LTC in their wallet get to grab $100 bonus, I’m sure events like this is gradually boosting LTC demand in the crypto market.
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I have noticed that the best approach to cryptocurrency trading is to be active online, I just came and saw the excitement around LTC even overshadowing the excitement on BTC and other coins.
My take is for everyone to grab any opportunity they can lay hold on, because crypto is about being proactive and making smart decisions. I've been hunting several events around the halving and I have participated in some and I'll keep holding unto whatever I get from them.