Litecoin Achieves Impressive Milestones as Halving Event Inches Closer

Litecoin's futures derivatives contracts have seen a surge in open interest, surpassing $420 million globally. This is the highest demand for LTC futures recorded since January 2022 and can be attributed to the upcoming Litecoin halving, which many believe will trigger a bullish rally for the asset in the long term. Market participants are expecting Litecoin to cross the $100 price mark after the halving commences, as new addresses being created on the Litecoin network are surpassing new Bitcoin addresses.

Litecoin $93.42

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