{"id":535158,"date":"2023-05-26T23:00:33","date_gmt":"2023-05-26T23:00:33","guid":{"rendered":"https:\/\/wncen.com\/?p=535158"},"modified":"2024-06-11T07:45:30","modified_gmt":"2024-06-11T07:45:30","slug":"bullish-case-for-litecoin-grows-stronger-as-ltc-halving-draws-close","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/litecoin\/bullish-case-for-litecoin-grows-stronger-as-ltc-halving-draws-close\/","title":{"rendered":"Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close"},"content":{"rendered":"
Litecoin (LTC) is still trending low like the rest of the cryptocurrency market but one thing that separates the altcoin from the others is its obvious bullish case. Unlike the rest of the market, Litecoin looks set for another rally which will likely be propelled forward by the next halving.<\/p>\n
Just like Bitcoin, the Litecoin halving happens every four years and cuts block rewards by 50%. The aim of this halving is to reduce the amount of new supply flowing into the market. And as demand rises, there is less supply to meet this demand, thus leading to scarcity and a surge in prices.<\/p>\n