Key points about Litecoin's growth and adoption since the halving:
- **Transaction Volume and Hash Rate Surge:** Litecoin's transaction volume and hash rate have increased over the years.
- **Bearish #Trend Since Halving:** After the #halving event, #Litecoin entered a bearish trend, preventing large investors (whales) from capitalizing on gains.
- **Halving Event and Adoption:** The halving event cut miners' rewards and raised hopes for increased demand due to scarcer LTC.
- **Comparison with 2019:** Transaction volume has grown 5x since the last halving in 2019, backed by #data from Santiment.
- **Mainstream Adoption and Volatility:** Despite market volatility, Litecoin gained mainstream adoption, contributing to increased transaction volume.
- **Hash Rate Growth:** The rise in transaction volume led to increased mining activity, causing the hash rate to grow significantly.
- **Whale Activity:** #Whales accumulated LTC before the halving, leading to increased supply and whale transactions.
- **Post-Halving Situation:** Most large investors didn't sell after the halving due to lack of incentives.
- **Price Performance:** Litecoin's price dropped by 10% post-halving, trading around $83.70 at the time.
- **Uncertain Future for Whales:** It's uncertain how long LTC whales will hold offloading their holdings.
