June 28 (Cointime) - As the Litecoin halving day approaches, the network is experiencing a surge in activity, with an increase in the number of active LTC addresses. However, it is important to note that a small number of addresses control the majority of LTC in circulation.

The halving is designed to control the supply of Litecoin and maintain its scarcity, potentially increasing its intrinsic value. While the previous two halving events led to significant price surges, the current outlook for LTC price is uncertain, although it may benefit from increased market interest and positive sentiment towards Bitcoin.