A large percentage of blocks are ready for the Litecoin halving LTC declined following the broader market rise, but its value could increase in the long term According to the Litecoin [LTC] halving tracker, the event would be held on 2 August 2023. But with 133 days to go, only a few things might be […]
, and several other cryptocurrencies reached a yearly high in the course of the sustained uptrend. However, Litecoin has only remained above $80 after a 19.13% decline over the last month.
Regardless, it seems that LTC had the potential to improve from its current value. This was because of the position displayed by the . The metric evaluates if an asset is trading at a premium with respect to the total miner spend. Also, the ratio is usually adjusted to account for increasing circulating supply.As of this writing, the market cap to Thermo cap ratio was 0.00000004. Such a low value means that the LTC was below exchanging hands at a fair or overvalued condition.
On the same chart, the 200-day EMA was above the 50 EMA. This gives LTC a chance to change its trend to neutral, and a longer-term bullish trend.Subscribe to get it daily in your inbox.
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