Express

Litecoin Surges 43%

Tris Bell

Summary: Litecoin is faring well in the aftermath of the FTX collapse, having surged 43% from $55 to $79 this month, according to data by CoinDesk. Litecoin’s bullish turn, which comes eight months before its third mining reward halving, is reminiscent of its previous halvings in 2015 and 2019, during which there was a bearish-to-bullish trend ...

Litecoin is faring well in the aftermath of the FTX collapse, having surged 43% from $55 to $79 this month, according to data by CoinDesk.

Litecoin’s bullish turn, which comes eight months before its third mining reward halving, is reminiscent of its previous halvings in 2015 and 2019, during which there was a bearish-to-bullish trend in the months leading up to the halvings.

The recent surge may be explained by a tendency for crypto traders to price according to bearish/bullish trends in advance, as has been the case in previous halvenings.

Author: Tris Bell

Last Update:

Tags: ,,,,,
Link: Litecoin Surges 43%   [Copy]
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 3 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 4 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 6 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 7 days ago
  • Bitcoin Surges to New Highs, Momentum Points to Further Gains 11 days ago
  • You need to login to comment.