Many merchants and investors are taking notice of Litecoin, which is pitched by its developers as cheaper to generate, more plentiful and easier to use for small transactions than Bitcoin.
Litecoin is surrounded by darkclouds amid 6.23% year-to-date loss despite the overall market conditions turning severely bullish.
See why Litecoin, Injective and Pullix can climb during the upcoming months and learn just how far they can rise despite a harsh market.
The LTC price comes under pressure just hours before the Litecoin halving event ahead on Wednesday.
A look into history makes it obvious that the price of Litecoin usually dropped close to halving. However, we cannot conclude that the same will happen this year in the crypto market.
If history repeats itself, LTC price could begin to gain with Litecoin halving which is only about 100 days away.
After getting off to a bright trading start in May, Litecoin could not but give in to the bear run.
Litecoin price is actively increasing these days and, according to experts, this tendency is going to continue.
On Thursday, September 12th, the Litecoin is declining again, trading at $68.63.
Second Litecoin halving ended with 75 % of Litecoin mined and the price of the Litecoin at $99.6. Even though Litecoin previously fell out of #4 market cap spot, it came back with the growth of the huge 14.63 percent.
Altcoins have spent the second and third quarter of 2019 thus far falling in value relative to Bitcoin price. Litecoin, as always, is leading this rally, and in a sense, lights the path for the rest of the altcoin market to shine.