HashKey Exchange will open the LTC/USD trading pair at 16:00 on January 12
HashKey Exchange will open the LTC/USD trading pair on January 12, 2024 at 16:00 (UTC+8). Deposits and withdrawals are now available. Supported user types: professional investors only.
423,003 LTC transferred from unknown wallet to unknown wallet
According to Whale Alert monitoring, 423,003 LTC (worth $29,890,194) was transferred from an unknown wallet to another unknown wallet.
Crypto Market Starts Week on Positive Note with Major Cryptocurrencies Seeing Upward Trend
Major cryptocurrencies saw positive performance on Monday, September 18, with investors regaining confidence in digital currencies. Bitcoin's price rose 0.15% to $26,585.27 over the last 24 hours, while Ethereum's price remained flat at $1,629.15. XRP's price increased by 0.11% to $0.4973, and Litecoin's price added 1.06% to trade at $64.63.
Shiba Inu and Litecoin Show Signs of Recovery Amidst Altcoin Correction
Altcoins, including Shiba Inu (SHIB) and Litecoin (LTC), have faced correction this month alongside Bitcoin, but there are signs of recovery. Despite the Shibarium launch experiencing major issues, over 2 trillion SHIB tokens have been withdrawn from exchange wallets in the past week, potentially leading to a supply squeeze and impacting SHIB's price.
Litecoin (LTC) Halving Event Fails to Boost Price, Trading Volume Drops by 25.99%
The recent Litecoin halving event generated a lot of hype and anticipation for a price surge, but the current outlook shows a slump in price with a 9% loss in the past seven days. The trading volume has also dropped by 25.99%. However, the halving event is expected to positively impact the long-term economics of Litecoin by reducing token production and potentially driving up valuation.
LTC May Surpass BTC in BitPay Transactions, Data Shows
Data from BitPay shows that Litecoin (LTC) is responsible for 34.05% of the net transaction count on the platform, indicating a spike in usage prior to its third halving event. This puts LTC in a position to potentially surpass Bitcoin (BTC) in number of BitPay transactions, as BTC currently holds 36.47%. The two most popular cryptocurrencies make up 70.5% of BitPay activity, while Ethereum (ETH) and Dogecoin (DOGE) combined only make up 15.5%. Despite the anticipation leading up to the halving event, LTC has since experienced a sell-off and is currently trading at $86.32, down almost 4% in the previous 24 hours.
Litecoin’s Halvening Price Drop Is No Proxy for Bitcoin Next Year
After Litecoin's halving event, its price dropped, as the halving event caused the miners' rewards to be halved. However, this doesn't necessarily mean that Bitcoin will have a similar outcome in its halving event next year. Historically, Litecoin's price has fallen after halving, while Bitcoin has often experienced rebounds before and after these events. Additionally, Bitcoin has received a boost due to BlackRock's application for a Bitcoin exchange-traded fund.
Google Bard predicts Litecoin price after halving event $1,000
Litecoin is set to undergo its halving event on August 2, which is expected to increase scarcity and potentially impact the cryptocurrency's price dynamics. Google Bard, an AI tool created by Alphabet, was asked to predict the future price action of Litecoin after the halving event. Bard noted that the overall state of the cryptocurrency market, demand, and supply of Litecoin could influence the price, and while some analysts believe the price could reach $1,000, others predict it could only reach $500 or $600.
Bitcoin and Top Cryptocurrencies Gain in Asia Trading, BNB Leads Winners After Binance Japan Relaunch
Bitcoin, Ether, and most other top non-stablecoin tokens saw gains in Asian trading on Wednesday, with Bitcoin recovering above the US$29,000 support line. Binance's BNB token led the winners after the exchange relaunched in Japan on Tuesday. Litecoin also posted notable gains ahead of its halving event, while the Forkast 500 NFT index was down. Despite mixed corporate results causing US equity futures to decline, the total crypto market capitalization rose slightly in the past 24 hours to US$1.18 trillion.
Litecoin Whales Accumulate as Halving Event Approaches
Litecoin holders are increasing their accumulation of the cryptocurrency ahead of its halving event, which will reduce block rewards to 6.25 LTC from 12.5 LTC. Mid-sized Litecoin whales have purchased 205,400 LTC since June 14, with their combined holdings amounting to 18.18 million LTC, worth approximately $1.7 billion. Crypto traders tend to perceive most coin halvings as bullish events for the market, and Litecoin miners have also been stockpiling their reserves. <br>
