Even though new promising cryptocurrencies had been launched during the past few years, the “big four” of the market, represented by Bitcoin, Ether, XRP, and Litecoin, remains unchallenged. Bitcoin kept dominating the market aggressively in 2019, but XRP and Litecoin are the ones which could draw attention in the near future.
In 20 days from now, on August 5th, at the block 1,680,000, Litecoin will go through a halving process, due to increased network hash rate and sped-up clock between difficulty readjustments. This isn’t the first time LTC goes to a process like this. Back in August 2015, at block 840,000, the token halved for the first time, and the price reaction prior to that is raising hopes for the next few weeks.
Back then, LTC surged 400% in the weeks prior to the halving. It is still uncertain whether history will repeat itself, considering that the price had already bounced significantly from the 2018 lows. As the halving approaches, we could witness increased Atecs Capital litecoin trading, as traders will…