Top crypto analyst Benjamin Cowen is warning that one Ethereum (ETH) rival could plummet like Cardano (ADA) did last cycle. Cowen tells his 754,600 followers on social media platform X that Solana (SOL) is at risk of losing key support levels that could send it down to $10, a more than 50% decline from its […]
The post Benjamin Cowen Says One Ethereum Rival Could Crash by +50%, Updates Outlook on Bitcoin and Litecoin appeared first on The Daily Hodl.
Blockchain analytics platform Santiment says that deep-pocketed investors are pushing XRP toward price recovery after the broader crypto market dipped last week. New data indicates whales went on a recent accumulation spree, helping drive up XRP’s price, according to the analytics firm. “XRP Network is starting to see some mild recovery signs, and today’s +4% […]
The post XRP Whales Supporting Price Recovery As Accumulation Spree Accelerates: Santiment appeared first on The Daily Hodl.
Payments giant PayPal is integrating with a crypto wallet to allow traders to purchase crypto assets within its application. In a new announcement, crypto wallet provider Ledger says that its collaborating with PayPal to let US customers directly buy select digital assets such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) by […]
The post PayPal Integrates With Crypto Wallet Ledger To Allow Users To Buy Crypto Assets Within App appeared first on The Daily Hodl.
Crypto analytics platform Santiment says that Litecoin (LTC) is flashing bullish after its August 2nd halving event. In a new video strategy session, Santiment’s director of marketing Brian Quinlivan says that it appears the peer-to-peer payments network is forming a bullish divergence as sharks and whales continue to accumulate LTC as price dips. “I like […]
The post Litecoin Flashing Bullish Signal As Whales and Sharks Accumulate LTC, Says Santiment – But There’s a Catch appeared first on The Daily Hodl.
The crypto king could soon find itself over the $30,000 level if key holders continue the trend of swapping stablecoins for Bitcoin (BTC), according to Santiment. New data from the market intelligence platform reveals that Bitcoin whales are beginning to trade their stablecoins for the king crypto asset after months of decreasing their BTC stashes. […]
The post Bitcoin Could Quickly Jump to $30,000 and Beyond if Key BTC Holders Sustain Emerging Trend, Says Santiment appeared first on The Daily Hodl.
Top crypto analyst Benjamin Cowen is warning about Litecoin (LTC) after its halving event while updating his outlook on Bitcoin (BTC). Cowen tells his 754,600 Twitter followers that the peer-to-peer payments network will likely decline in price after Wednesday’s halving event when miners’ rewards were cut in half. “As mentioned a month ago, LTC tends […]
The post Top Analyst Benjamin Cowen Issues Warning on Litecoin Amid LTC Halving Event, Updates Outlook on Bitcoin appeared first on The Daily Hodl.
Litecoin block rewards have now halved to 6.25 LTC as the halving clock is reset for another four years.
The Litecoin halving event has been completed with block rewards now halved at 6.25 Litecoin (LTC) per block.
On Aug. 2, the Litecoin blockchain went through its automated halving procedure at block 2,520,000. LTC miners are now getting half the rewards and the clock has been reset for the next halving in roughly four years' time.
Litecoin founder Charlie Lee commented on the discrepancies between the different halving countdown timers, suggesting that the NiceHash one was the most accurate. However, all of them agreed on an Aug. 2 date.
This is funny. I googled "Litecoin Block Halving Countdown" and checked the first 4 hits. The ETA for the halving is all over the map!
— Charlie Lee Ⓜ️️ (@SatoshiLite) August 1, 2023
From my quick calculation, I believe NiceHash's countdown is the most accurate. I expect the halving to occur in about a 1 day, 2 hours, and 30… pic.twitter.com/7lvOKCtiOh
Moreover, LTC prices have been down trending since early July when they topped $110 for the first time since April 2022. The silver to Bitcoin’s gold is currently hovering around the $92 level where it was this time a fortnight ago.
Litecoin's third HALVING is just hours away. The block reward will automatically adjust from 12.5 to 6.25 $LTC - thus making Litecoin a predictable monetary supply and a deflationary currency.
— Litecoin (@litecoin) August 1, 2023
Litecoin ⚡ Sound Money. pic.twitter.com/9h1rh4f0vi
Speaking on the adoption of Litecoin as a payment method, BitPay CEO Stephen Pair told Cointelegraph that Litecoin and Bitcoin Lightning payments had their best months in recent history on the global payments platform.
Related: Litecoin price poised for 700% gains vs. Bitcoin, says Charlie Lee
As of June, LTC surpassed Bitcoin (BTC) as the crypto of choice for payments on BitPay, accounting for 35%. BitPay claims to have processed 57,949 crypto-related total transactions over the past 30 days.
While North America, Europe and the United Kingdom remain the firm's largest markets Pair said there was notable growth for crypto payments in Africa.
“We are seeing notable growth in African-based BitPay users, with more merchants and spenders replacing traditional banking systems in favor of cryptocurrency.”
“Latin America is also an area where we expect to see a rise in activity from BitPay merchants and customers over the next few years,” he added.
Litecoin is the 12th largest cryptocurrency by market capitalization with $6.8 billion with its daily trading volume around $1.14 billion.
There are currently 73.5 million LTC in circulation out of a maximum supply of 84 million.
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A leading analytics firm says a certain class of crypto traders is rapidly accumulating the peer-to-peer payments network Litecoin (LTC) in anticipation of its upcoming halving event. Santiment says that Litecoin dolphins and sharks have accumulated 205,400 LTC worth nearly $19 million since June 14th. According to the analytics firm, the mid-tier holders are loading […]
The post Key Traders Aggressively Accumulating Litecoin Ahead of LTC’s Halving Event: Analytics Firm Santiment appeared first on The Daily Hodl.
A trader who rode the crypto surge at the start of the year says that he’s staying away from Litecoin (LTC) even though the peer-to-peer payments network is just a couple of weeks away from its next halving event. Pseudonymous analyst DonAlt tells his 496,000 Twitter followers that based on historical price action, Litecoin tends […]
The post Trader Who Caught 2023 Crypto Rally Issues Litecoin Alert, Warns LTC Halving No Longer a Bullish Catalyst appeared first on The Daily Hodl.
Going against Bitcoin is a tough pill to swallow for investors in one of the oldest altcoins.
Bitcoin (BTC) is still almost a year away from its next block reward halving, but Litecoin (LTC) miners are already bracing for impact.
In less than two weeks, Litecoin’s block subsidy will drop from 12.5 LTC to 6.25 LTC per block.
Despite its fair share of controversy, Litecoin remains the 12th largest cryptocurrency by market cap at around $6.8 billion.
Its miners currently rake in 7,200 LTC in block rewards daily, equal to a U.S. dollar value of around $670,000.
As the halving nears, major investors appear to be seeking an easy trade, popular trader Mikybull Crypto and others noting “whales” buying up almost $60 million worth of LTC in the past two days.
#Litecoin whales have bought over 590,000 #LTC in the last 48 hours, worth around $59 million!
— Mikybull Crypto (@MikybullCrypto) July 19, 2023
Halving is a few days ahead. pic.twitter.com/L77RB5lLIq
In BTC terms, however, there appears to be little worth celebrating.
Litecoin currently trades near all-time lows against the largest cryptocurrency, data from Cointelegraph Markets Pro and TradingView shows — a trend which has persisted through the years regardless of previous halvings.
As of July 19, LTC/BTC trades at 0.0031, with its all-time low of 0.0017 coming in June 2022. By contrast, 1 LTC was once worth as much as 0.052 BTC — the equivalent of $1,560 today.
Litecoin's all-time high in USD came in May 2021, when it traded at over $400 per token versus its more modest $93 today.
In terms of weakness against Bitcoin, Litecoin is far from the worst performer.
Related: Bitcoin price is ‘stuck’ at $30K — Here are 3 reasons why
A popular comparison through the years has been forks of Bitcoin versus BTC itself, and the results continue to paint a grim picture of the reality of going against the market’s network of choice.
Bitcoin Cash (BCH) saw all-time lows in BTC last month, and despite a bounce since, remains at just 0.00817 BTC — 98% below its all-time highs of 0.432 BTC.
For Bitcoin SV (BSV), the picture is even worse, with a copycat bounce from record lows in June already stalling.
At the time of writing, BSV/BTC traded at 0.00124 BTC — likewise 98% below all-time highs.
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This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
