A leading crypto analytics firm says that Litecoin (LTC) whale activity is likely to drive LTC’s price upwards before the LTC halving.
In a new report, Santiment says the upcoming LTC20 halving, which cuts the amount of newly issued coins to miners in half, is expected to have a positive impact on the price of Litecoin.
Santiment says Litecoin’s on-chain volume is trending upwards rapidly, and will bode well for price if it continues.
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“If this trend of increased on-chain volume continues, it will absolutely be a strong sign that some big players are beginning to jump in on their LTC investments in anticipation of the halving. Similarly, the amount of unique addresses interacting on the Litecoin network absolutely skyrocketed, suddenly reaching a greater than
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