Litecoin halving was a disappointment, Everlodge holders see market leading growth on monthly chart

📆 2023/09/20 3:42:00
📰 MobilePunch

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While Bitcoin halving has been historically bullish for Bitcoin and the entire crypto market, Litecoin halving failed to match up. Everlodge holders are in the green by 80% since the beginning of the project in August. Let’s find out why.

Litecoin halving fails to affect the price

Litecoin holders were excitedly anticipating the halving event this August, but the price effect was… nothing. Why is that? Well firstly, around 87% of all LTC has already been mined, meaning that the effect of inflation on the currency is limited. Some have speculated that the wider market conditions are what is most relevant, and that as the Litecoin halving has always occurred in a bear market it has not had an effect.

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