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Litecoin Miners Brace for Halving as Whales Stock Up on LTC, but BTC Value Stays Weak

Litecoin miners are preparing for the upcoming block reward halving, which will see the block subsidy drop from 12.5 LTC to 6.25 LTC per block. Despite controversy, Litecoin remains the 12th largest cryptocurrency by market cap at around $6.8 billion, with major investors buying up almost $60 million worth of LTC in the past two days.

However, in BTC terms, Litecoin currently trades near all-time lows against the largest cryptocurrency, a trend that has persisted through previous halvings. In comparison to other Bitcoin forks, Litecoin's weakness against Bitcoin is not the worst performer.

Bitcoin Bitcoin $94,111.63
-4.16%
Litecoin Cryptocurrency
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