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Litecoin New Addresses Jump 55% In 7 Days Ahead of Halving Event

June 21 (Cointime) - The upcoming halving event for Litecoin has caused a surge in bullish sentiment, as evidenced by the significant increase in new daily addresses on the blockchain over the past week. According to on-chain data aggregator IntoTheBlock, the number of new addresses on the Litecoin network has risen by 55% in just seven days, with the total number of addresses now surpassing that of Ethereum. The halving event, which will see the block reward for miners cut in half, could trigger a rally for the cryptocurrency, with investors hoping for a price increase to over $100.

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