#LTC will be halved on August 2, 2023, which is about two months away. Historical data shows that LTC usually reaches a peak price rise one month before the halving. Here are some bullish views on LTC:
1. Starting from May this year, the handling fees, transaction volume, and usage rate of the LTC network have increased significantly, which may be related to LTC20.
2. The CFTC classifies LTC as a commodity. Compared with other ALTcoins, LTC has lower regulatory risks.
3. According to Wu Shuo, LTC is the cryptocurrency second only to BTC and ETH, and is included in the most varieties in traditional indices. This affects Hong Kong’s recognition standards for cryptocurrencies. In other words, if Hong Kong’s bill really helps cryptocurrencies significantly, LTC will definitely benefit from it.
4. According to technical analysis, LTC has performed relatively strongly recently relative to #BTC and #ETH .
