Litecoin has climbed more than 500% since hitting a local low in December. Will it continue to lead crypto markets higher?
The digital currency has been climbing since hitting a local bottom in December 2018, when its price fell below $23.When explaining the consistent gains that litecoin has enjoyed over the last several months, analysts have repeatedly referenced the halving that the digital currency is As a result of this event, the mining incentive or block reward will be cut in half, lowering to 12.5 LTC.
This development will reduce the rate at which new units of litecoin enter the digital currency markets, lowering new supply and potentially pushing prices higher., summed it up nicely, describing the upcoming halving as a"price catalyst.", described the anticipation surrounding this event as causing litecoin's recent gains. Senior Contributor
I am a financial writer and consultant with strong knowledge of securities markets and investing concepts. I have worked for financial institutions including State Stree...
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