Tags: Litecoin Halving

As halving slows supply by reducing the rate of BTC production, a supply squeeze post-halving may be inevitable.

CryptoQuant says demand growth will be the key driver of prices post-halving.

Five million addresses have held Litecoin for over 12 months.

Litecoin’s halving took place when the network reached transaction block 2,520,000.

After the much-anticipated halving, miners will receive just 6.25 LTC per block.

The HODLing attitude from investors can be attributed to the expectation of positive price action upon completion of the halving event.

Litecoin also noted an uptick in mining difficulty that surged above 26 million.

Litecoin’s price has been picking up momentum after a recent dip.