The eyes of many investors are focused on Litecoinin fact today is the day when the block reward is halved. According to data released by Coin360, Litecoin is currently the fifth cryptocurrency considering the market capitalization, and an hour after halving it is traded currently at around 94 dollars.
At the moment, therefore, no particular increase is seen with regard to the cryptocurrency, also once the halving process is completed Miners can earn 12,5 LTC instead of the 25 LTC that can be obtained at the moment. The greater scarcity that derives from the halved mining, should lead to increase the price of the token.
For Litecoin, this halving though has not yet triggered the spark, the markets on this cryptocurrency remain shy and the exchange between Litecoin and the dollar sees a very slight increase of 3% more.
Bitcoin instead, from this strategy, had better performances, both of Litecoin and all other digital currencies which are within the top 20. Bitcoin in fact, has grown by almost 10%, especially after the geopolitical tensions on the Chinese territory.
Within the bear market, many traders have evaluated the Litecoin halving as a fundamental trade that eventually became increasingly crowded. At least as stated by the director of blockchain analysis research Eric Turner.
He also added that some investors chose to abandon the trade at the time of the arrival, so the event itself did not channel any positive influence. on the price and exchange of Litecoin, as many expected.
