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- LTC is currently undergoing price variations, with a 2.2% decline over the last 24 hours.
- It has successfully exceeded the crucial price threshold of $100, achieving a weekly peak of $113.
- LTC has recorded a notable 18% increase during the same period.
Litecoin (LTC) is presently facing price variations. In the last 24 hours, the cryptocurrency has experienced a 2.2% drop, trading at $98.14. Despite the recent fluctuations, Litecoin has shown a 17% increase on the weekly chart.
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The wider cryptocurrency market has seen a combination of positive and negative influences affecting investor sentiment. In this context, Litecoin has managed to exceed the psychologically significant price point of $100, reaching a weekly high of $113.
In comparison to its counterparts, including Bitcoin (BTC) and Ethereum (ETH), Litecoin’s 18% increase stands out against Bitcoin’s 0.78% price decrease and Ethereum’s slight 1.63% rise during the same period.
Litecoin halving just around the horizon
The halving event for Litecoin is quickly approaching, with only 27 days left until its block reward is cut from 12.5 LTC to 6.25 LTC. As per OKLink, the third LTC halving event is anticipated to take place around August 2, 2023.
The countdown to this event currently indicates 27 days, with 15,679 blocks remaining until the halving occurs. On July 3, LTC initiated a countdown to the event, announcing, “Just 30 days till the Litecoin Halving.” Consequently, the countdown is now at 27 days.
