Litecoin (LTC) has experienced significant gains in the past 24 hours, surpassing the $100 mark. This surge in value coincides with the upcoming halving event, which will see miners' block rewards cut in half, resulting in a decrease in the number of tokens in circulation.

A crypto strategist with a large following on Twitter believes that Litecoin's pre-halving rally may have already peaked. The analyst, known as Kaleo, notes that Litecoin's recent price action is similar to what was seen in late 2021, when the cryptocurrency rallied by over 187% before entering a multi-month bear market.

Litecoin, a decentralized cryptocurrency founded by Charlie Lee, is recognized for its fast transaction speeds and affordability compared to Bitcoin. Despite a period of consolidation, LTC has been gradually increasing in value over the past year, hitting a yearly low in June 2022 before beginning an upward trend.

Litecoin (LTC) has experienced a significant drop in price, falling below the important $100 mark. This decline has raised concerns about the reasons behind it and what it means for the broader cryptocurrency market.

Litecoin's share of global payments increased to 34.9% in June, surpassing Bitcoin and becoming the most used cryptocurrency for payments. This surge in usage has been attributed to users seeking less expensive alternatives to Bitcoin's high transaction fees. The creator of Litecoin, Charlie Lee, expressed surprise and excitement at this development. Despite a recent sell-off by large holders of Litecoin, known as "whales," the upcoming halving event is expected to drive up prices as it has in the past.

Blockchain analytics firm IntoTheBlock has found that 13% of Litecoin's total supply has remained inactive for five years. This could be due to either unwavering confidence in the project or the loss of assets.

The price of Litecoin has fallen by over 3% to $100.50, in line with the wider cryptocurrency market. The drop comes after the coin rallied by more than 65% to reach a year-to-date high of $116 on July 2, due to excitement around its halving in August and its listing on EDX Markets.

July 5 (Cointime) - A crypto strategist with a large following predicts that both Litecoin (LTC) and Chainlink (LINK) will experience gains of over 100%. The strategist notes that Litecoin looks bullish after breaking through technical resistances and could potentially surge to $250, a 135% increase from its current price.

July 4 (Cointime) - Recent accumulation by large Litecoin holders, known as whales, has led to a surge in bullish volume and a new 12-month high for the cryptocurrency. However, some analysts are warning that this could be a liquidity trap, with whales potentially looking to cash out their profits.

July 4 (Cointime) - Litecoin (LTC) saw a gain of over 25% last week, making it the top-performing cryptocurrency in the top ten. The price of LTC reached a new high of $114, with a market cap of over $8 billion.

July 4 (Cointime) - According to crypto analytics firm Santiment, large Bitcoin holders, known as whale and shark addresses, have been accumulating BTC at a higher rate than usual over the past seven weeks.

July 4 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Litecoin (LTC) has seen a significant increase in value, hitting $115 at the time of writing, which is a 55% increase in less than three weeks.

July 4 (Cointime) - Crypto analysts are predicting that Litecoin (LTC) will experience a significant rally ahead of its halving event next month, with some projecting that its price will more than double to reach $200.

July 4 (Cointime) - Litecoin's price direction has been analyzed by crypto expert Ali using the Market Value to Realized Value (MVRV) ratio, which currently stands at around 35%. Ali's observation reveals a pattern in Litecoin's history since 2018, where a sharp price correction ensues whenever the 30-day MVRV exceeds the 30% threshold.

July 3 (Cointime) - According to a well-known crypto strategist, Litecoin's recent strong performance may not be the end of its rally. The analyst, known as Rekt Capital, believes that LTC could reach levels last seen in January 2022, with a potential surge to $140 before its next halving event.

July 3 (Cointime) - Binance's recent transfer of 144,396 Litecoin (LTC), worth a staggering $16,053,446, has raised eyebrows and triggered speculation about its motive and destination in the crypto community. The unexpected transaction has left experts and enthusiasts eager to uncover the purpose behind this significant movement of funds, and a wave of discussion and speculation has engulfed the cryptocurrency space.

July 2 (Cointime) - Litecoin has defied market trends and experienced a surge in value, with analysts attributing this to the upcoming block reward halving in August. The halving will reduce the mining reward from 12.5 LTC to 6.25 LTC per block, which is expected to limit the influx of new supply into the market and push Litecoin's price up.

July 1 (Cointime) - The Canadian government has approved unlimited trading of Litecoin (LTC) and three other cryptocurrencies on exchanges, with the exception of a $30,000 annual limit for other cryptos. This move is seen as a significant development for the Canadian cryptocurrency market. The House of Commons Standing Committee on Industry and Technology has also called for a national blockchain strategy to clarify the country's regulatory approach and demonstrate support for the industry. Litecoin's recent surge past the $100 mark and processing of over 500,000 daily transactions for the first time in a quarter has led to predictions of a potential rise to $140.

June 29 (Cointime) - Litecoin's recovery was halted below a previous lower high of $97.6, but there is potential for a pivot due to an uptick in Open Interest rates and flat CVD.

June 28 (Cointime) - As the Litecoin halving day approaches, the network is experiencing a surge in activity, with an increase in the number of active LTC addresses. However, it is important to note that a small number of addresses control the majority of LTC in circulation.