Litecoin Halving Next Month Will Either Elate or Disappoint Digital Asset Investors

Litecoin Halving Next Month Will Either Elate or Disappoint Digital Asset Investors

Sunday, July 7, 2019, 8:28 AM

Litecoin halving date is fast approaching and many digital asset investors are hoping for the best to happen. Many digital asset investors are expecting the price of Litecoin to skyrocket after the Litecoin halving. Litecoin halving date is just a month away. Over the past week, the price of Litecoin has been in a tight range. Nevertheless, no one knows what the next couple of weeks hold for Litecoin (LTC). The reaction after the Litecoin halving event could either elate or disappoint digital asset investors and traders.

If the price of the digital currency surges higher, it will spur FOMO (fear of missing out). This would attract more digital asset investors to the coin, and others would like to increase their LTC holdings. However, if the price of Litecoin plunges, traders and investors would be deflated. At the press time, Litecoin is trading comfortably over the $110 mark.

Litecoin Price Analysis – Litecoin Price Prediction – Litecoin News Today – Litecoin Halving Date – Cryptocurrency News Today

The Litecoin halving date is just by the corner; it is less than a month away. The reward for mining blocks on the Litecoin network will be reduced by half. If the demand for the digital currency remains the same, then Litecoin (LTC) will be repriced higher by market forces. If this happens, the price of LTC could test new highs, and this would result in a significant increase in the Return of Investment of Litecoin holders. The price of Litecoin, so far this year, has been very impressive. The digital currency has amassed more gains than Bitcoin (BTC) and other top digital currencies in the market.

LTC USD price started surging higher after a series of bullish Litecoin news about the forthcoming Litecoin halving and the plans of Mimble Wimble incorporation. A hard fork like this scales the network automatically while it enhances the privacy of Litecoin (LTC) transactions. At the moment, the talk about Mimble Wimble has died off. Rather, more attention is on the forthcoming halving of Litecoin (LTC), which is in next month.

Dementia Society of America Accepts Bitcoin (BTC), Litecoin (LTC), and Others – Best Cryptocurrency to Invest in 2019

The latest bullish Litecoin news today is about the Dementia Society of America (DSA). The DSA just started accepting a range of digital currencies, including Bitcoin (BTC) and Litecoin (LTC). The idea for this initiative is to avoid paying taxes since donations in digital currencies such as Bitcoin and Litecoin are not deductible. In a statement, the Dementia Society of America said:

“The Giving Block to expand our digital currency capabilities and engage the community, thereby expanding our reach. We will now accept Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), USD Coin, and Bitcoin Cash for general fund donations, legacy donations, and those donations made in memory or honor of a loved one.”

Litecoin (LTC) Price Today – LTC / USD

NamePrice24H (%)
Litecoin (LTC)$119.100.38%

For the first half of this year, Litecoin (LTC) is one of the top performers. The price of Litecoin has surged by more than 350 percent from the level it started the year with. At the press time, LTC USD price is $118 after a decrease of less than one percent over the past twenty-four hours. LTC is currently the fourth largest digital currency by market cap. At the press time, the immediate support of the digital currency is at the $115 mark. On the upside, the immediate resistance of Litecoin (LTC) is the $120 level.

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