.Litecoin price is on uptrend with halving closer than ever before
after soaring by 3.57% in the past 24 hours amid an erratic market that is marked by unstable volatility.Litecoin also ranks as one of the digital currencies with mega positive growth in the past week relative to its peers such as Bitcoin and Ethereum . Notably, the Layer 1 protocol has soared by 9.60% over the trailing seven-day period, while Bitcoin and Ethereum are up by 2.55% and 4.22% within the same time span.
The growth of Litecoin mimics its positive trend since the start of the year, when the realities of theThe Litecoin halving has been noted to be accompanied by periods of massive price growth. Investors are now pricing in this sentiment, a trend that has pushed the cryptocurrency to grow from a low of $76.83 to a high of $94.87 in the past month.
By the end of this month, Litecoin will be just about a month away from its much anticipated halving, and we are likely going to experience more capital inflow into the coin as investors will make an attempt to take advantage of the projected price growth. The Litecoin halving will reduce the rate of supply of new LTC tokens into the industry and, as such, fuel scarcity that is bound to
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