0
📰 News
2553 views

Litecoin (LTC) Price Skyrockets Almost 10%, 2019 Halving Expected to Give LTC Major Boost

  • Yuri Molchan
    📰 News

    Litecoin (LTC) has been showing✔️ 💪 10%-gains on average for the past two days, showing 200% growth since 2019 began and promising bigger boosts later📈 🕖 this year

Litecoin (LTC) Price Skyrockets Almost 10%, 2019 Halving Expected to Give LTC Major Boost
Cover image via 123rf.com
Contents

Data shows that on Friday, Litecoin price received a 15% boost over the previous 24 hours. Now this figure is close to 10%. Thus, the Bitcoin rival has demonstrated massive upsurge over 200% on the year-to-date basis.

One of the reasons for that is that one of the largest exchanges, OKEx, announced an expansion on LTC the other day.

At press time, Litecoin is trading at $102.13.

Litecoin is trading at $102.13
Source: CoinMarketCap.com

From $30 to $102 in nearly half a year

Last year Litecoin’s value suffered a significant loss of billions USD, just as other major crypto assets. As 2019 started, the price of a single LTC was around $30. By now it has grown slightly over three times.

👉MUST READ

‘GlobalCoin’ Faces Harsh Criticism from Bloomberg Columnist

‘GlobalCoin’ Faces Harsh Criticism from Bloomberg Columnist

Upcoming halving of LTC and BTC

Recently, U.Today reported that Bitcoin bulls are excited about the Bitcoin mining award halving that is due to take place in May 2020. This event, when miners’ award for building a single new block gets cut by half, is expected to take the Bitcoin price up.

The Bitcoin network has seen two of such halvings so far. One was in 2012, the other one in 2016. Both events were followed by a massive surge of the Bitcoin price. After the second halving the price of Bitcoin hit the ATH of over $19,000. At least this is what crypto gurus believe.

Litecoin is expected its miners’ award to diminish by half this summer in August. So the crypto community expects the LTC quotes surge.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings