Litecoin halving is 13 days away — So where is the LTC price rally?
Going against Bitcoin is a tough pill to swallow for investors in one of the oldest altcoins. Bitcoin (BTC) is still almost a year away from its next block reward halving , but Litecoin (LTC) miners are already bracing for impact. In less than two weeks, Litecoin’s block subsidy will drop from 12.5 LTC to 6.25 LTC per block. Whales stock up on LTC — but BTC value stays weak Despite its fair share of controversy, Litecoin remains the 12th largest cryptocurrency by market cap at around $6.8 billion. Its miners currently rake in 7,200 LTC in block rewards daily, equal to a U.S. dollar value of around $670,000. As the halving nears, major investors appear to be seeking an easy trade, popular trader Mikybull Crypto and others noting “whales” buying up almost $60 million worth of LTC in the past two days. #Litecoin whales have bought over 590,000 #LTC in the last 48 hours, worth around $59 million! Halving is a few days ahead. pic.twitter.com/L77RB5lLIq — Mikybull Crypto (@MikybullCry...