Litecoin's Fourth Halving Approaches Amid Bearish Metrics and Market Indicators of Hope

07/30 03:41

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Litecoin's fourth halving is set to occur on August 3rd, reducing block rewards from 12.5 LTC to 6.25 LTC. Despite some optimistic market indicators, the broader crypto market seems to have a negative outlook on the event. Litecoin's mining industry has been declining, with a drop in hashrate and miners' fees, as well as a decrease in social volume and investor interest. However, there is a possibility of a bullish falling wedge forming in LTC's price chart, which could lead to a bull rally if the bulls can beat the bears.

Litecoin $82.81

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