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Litecoin has rallied about 6 percent in the past 7 days to trade around $102.04 on Thursday. More than 7,365,212 people own the proof-of-work (PoW) protected digital asset, which has seen 142,360,884 transactions since it was created. The Litecoin network have more than 2.4 million blocks had already been mined.
- Did you know that Litecoin has maintained zero downtime for over 11 years?
- It's the longest uninterrupted uptime in crypto.
The Drivers of Litecoin's Bullish Trend Litecoin is up 90% from the November '22 bottom. This dramatic surge, according to Santiment, a crypto analytics company, is the result of three important elements. - Litecoin increasing adoption
- Halving process ahead in 2023
- Litecoin as popular payment currency
- Big sharks movements
According to some analysts, considering the impending halving scheduled for August 2023, higher price highs for LTC are anticipated. As in the past, this event will take place when the token's block height reaches 2,520,000. The Litecoin price prediction of $101 .874 in first Q1 2023 was already projected by expert analyst from Coinpedia. Provided things go as planned, with newer adoptions and collaborations, the price could shoot to $122.874.
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