Crypto-specialized media outlet Watcher Guru reported on the 3rd that despite Litecoin's (LTC) recent halving event, the expected price rise did not occur. This case underscores the adage, 'buy on the rumor, sell on the news.' The halving, occurring at the 2,520,000th block, reduced the LTC mining reward from 12.5 to 6.25 LTC. Despite this 'good news,' LTC price fell 5.9% in 24 hours. Watcher Guru remarked there's no clear reason why prices didn't rise post-halving, noting similar patterns in past events like Ethereum's (ETH) PoS conversion.

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