• LTC’s price declined by more than 2% in the last seven days.
• Metrics and market indicators remained bearish on the coin.

Litecoin’s [LTC] upcoming halving is just 15 days away, which will have a broader impact on the blockchain. Weeks before this, the blockchain reached a new milestone in terms of the number of processed transactions. However, LTC investors were not having a good time as the coin failed to capitalize on the last bullish market. 

Read Litecoin’s [LTC] Price Prediction 2023-24

On one hand, multiple cryptos’ registered double-digit growth, while LTC, on the other hand, witnessed a drop in its value. Will the hype around LTC’s halving show its effect on the coin’s price chart in the coming weeks? 

A check on Litecoin before its 4th halving

To be precise, LTC’s halving will happen in 15 days and 22 hours from the time of writing. As per Nicehash, the estimated date for Litecoin’s halving is expected to happen on 1 August 2023. As we approach the halving date, Litecoin revealed in a tweet that the blockchain just processed its 170th million transactions, reflecting increased usage of the network.

The #Litecoin network just processed its 170 millionth transaction! Which means Litecoin is accelerating, adding another 10 million in the last 7 weeks. Well over a million transactions a week. #SaturdayVibes

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Author: Dipayan Mitra

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