Down to the final two days before the much-awaited Litecoin halving, cyber-investors have been loading up their LTC bags. According to an analysis by SantaFe’s on-chain monitoring platform discoveries, shark and dolphin-level users added a whopping 200,000 coins to their overall balance from mid-June across the stretch leading to the halving event.
What promises to be a pivotal moment for the fifth-largest cryptocurrency by market capitalisation is radially changing and driving user-sentiment. In indicators of larger anticipation for this and speculating on an optimistic future, whale-holders, euro-level investors and smaller selections holders are trying to strategically gaining returns. These wallets that have holdings keeping Litecoin funds between $9.500 – $950.000 have conducted base-depth transactions to expand their collective Litecoin impact.
This said, acknowledging the available resources are limited, the impeding Litecoin halving has yet to be evidently felt in the cryptocurrency’s market-rate. Unknown whether the major impacts associated with the havoing have already been accounted for but with Litecoin still trading above $90, digesting this point LTCs movement can appear static, especially in bear market conditions. Despite bull indicators from investments outlooks, Litecoin has seen single-digit daily gains over this time. Further determining these creative shift aren’t as decisive as priorly thought – the altcoin trades at $93.80, exhibiting a one-percent reduction according to Coinmarketcap, at the time of writing.
