The upcoming Litecoin (LTC) halving event on August 2 has generated significant hype in the community and is expected to lead the market rally in the coming week. Many industry stakeholders have been accumulating Litecoin in anticipation of the event, with whales buying over 590,000 LTC in the last 48 hours. The halving will impact Litecoin's scarcity and could potentially drive its price to new highs. Its success could also provide insights into Bitcoin's future performance, as Bitcoin's halving event is scheduled for next year.
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Litecoin Halving Event Sparks Market Rally Speculation
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