July 16, 2023
One of the main reasons for the price increase is the upcoming halving event, which will reduce the reward for mining new Litecoin blocks by 50%.
Other factors that may have contributed to the bullish trend such as increased adoption, technical improvements, and positive sentiment. Litecoin has become one of the best-performing cryptocurrencies of 2023. It may even continue to rise until the halving event in August.
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