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The Unexpected Has Happened! Leading Altcoin Pulls a Surprise!


The Unexpected Has Happened! Leading Altcoin Pulls a Surprise!

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Contrary to Bitcoin‘s (BTC) halving, one of the leading altcoins, Litecoin (LTC), did not receive the expected attention after its block reward halving. Hours after the halving, LTC’s price dropped more than 6% and is currently trading at $86.78 with a market capitalization of $6.4 billion.

Litecoin’s Block Reward Decreased from 12.5 LTC to 6.25 LTC

The highly anticipated block reward halving of the Litecoin Blockchain took place on August 2nd at block number 2,520,000, reducing the reward per block for miners from 12.5 LTC to 6.25 LTC.

The block reward halving for Litecoin was an event where the “buy the rumor, sell the news” trading strategy was adopted. Continue Reading: https://en.coin-turk.com/the-unexpected-has-happened-leading-altcoin-pulls-a-surprise/

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