🚨🚨Give up on Litecoin $LTC ? Important update.
Litecoin (LTC -0.30%) is once again trading sideways, with seemingly little or no upward momentum. Its current price is $69.78. Litecoin is almost 81% down from its ATH of $413.49, which was in May 1 2023.
One of the things people were expecting was that the rising of Litecoin would be on its halving day. Litecoin halving was on August 2023. Before 1 month of the halving on July 2023, it was trading at $115, but after that, the price started declining. On its halving day, the price was trading on $87-$88. Later, it declined more to $56.
Litecoin's halving events occur only once every four years, which is why they are so highly anticipated. Previous Litecoin halvings occurred in August 2015 and August 2019, and both were associated with upward spikes in its price. Theoretically, then, the halving coming in August 2023 should also have been preceded by a price spike, but it didn't happen that way. It was completely the opposite.
Even though Litecoin is coming up with many partnership and also it is also one of the best methods of payment people use. Litecoin has become no. 1 for three months straight, with more people choosing to PaywithLitecoin than any other cryptocurrency. But this is still not helping the price to grow.
Even during the recent rise in the crypto market, with btc over $52,000, every other crypto was on the rise except Litecoin.
🚀🔥So, there is this skepticism that will Litecoin make it to its ATH because even reaching $100 is becoming hard.
🚀🔥Have you invested in Litecoin?
