Litecoin's third mining reward halving is set to occur in early August, resulting in a 50% reduction in the per-block reward paid to miners. Despite this, Litecoin has experienced significant gains, with its price reaching $92.58 and on-chain metrics showing positive trends.

The total address count with a balance has increased intensely since the end of April, with nearly 8.5 million LTC addresses with a balance. Additionally, Litecoin's futures derivatives contracts have spiked by over $420 million globally, resulting in a year-to-date growth of over 20%.