This week, the cost of Altcoin Litecoin increased by more than 18%, analysts believe that the rate may rise even higher.
Over the past 24 hours, the LTC rate increased by almost 9%, at Coinbase a price maximum of $ 114.89 was recorded. So, we can say that altcoin was completely able to recover from the recent fall. At the same time, BTC shows a softer rise – the price has increased by about 7%. Such indicators indicate that investors and traders are more interested now in saving LTC, since halving is coming, that is, an event after which the reward for the LTC unit will be reduced from 25 LTC to 12.5 LTC. This is believed to have a positive effect on the value of the crypto asset.
Analyst Luke Martin said in his Twitter blog that he nearly missed an event like LTC Halving, although it is scheduled in 60 days. Martin noted the price gains of Litecoin, and also suggested that the rate could rise much higher.
I was sleeping on the $ LTC halvening being only 60 days away now.
Price is up 5% today breaking out of consolidation. I think it could go higher than the most recent .0182 swing high.
Props to @ ThinkingUSD & @ trader1sz remembering seeing it on early. pic.twitter.com/f6RyLNXj99
Luke Martin (@VentureCoinist) June 6, 2019
In addition, recently it became known that the Litecoin hash rate reached new highs – over the past 6 months, the figure has increased by 150%.
