Litecoin Price Eyes $100 As Hashrate Hits ATH Before Halving
Over the last 15 days, the LTC price has been on a strong rally and has gained over 40%. However, so far in 2023, the LTC price has touched these price levels multiple times. If Litecoin manages to give a strong breakout above the psychological barrier of $100, it could continue to touch new highs further. advertisement The reason behind Litecoin Bulls turning active once again is the upcoming halving event around mid-August 2023. The upcoming Litecoin halving will reduce the block rewards to half from 12.5 LTC per mined block to 6.25 LTC per mined block. Thus, this reduction in supply and future scarcity is driving the prices higher. With the reduction in supply due to scarcity, there is a possibility for LTC to surpass the $100 mark after the halving event. Such a milestone could potentially stimulate a significant rally in the crypto market, as positive sentiment and profits from LTC spill over to other cryptocurrencies. Litecoin Hashrate At All-Time High ...