Litecoin’s Untapped Potential: A Bull Run On The Horizon?
The post Litecoin’s Untapped Potential: A Bull Run On The Horizon? appeared on BitcoinEthereumNews.com.
Every day, countless people rely on the Litecoin network to seamlessly transfer value, with transactions often amounting to tens of millions of dollars in $LTC. A recent analysis by IntoTheBlock revealed that in just a 24-hour period, over $3.5 billion in value was moved through large transactions alone. This demonstrates Litecoin’s strength as a reliable and efficient network for significant value transfers. Everyday, people trust the #Litecoin network to quietly and effortlessly move value, adding up to 10s of millions in $LTC. In the past 24hrs over $3.5 billion dollars in value has been moved in ‘Large Transactions’ alone 👀Source: @intotheblock #FridayFeelings pic.twitter.com/TpCJO3Fsy1 — Litecoin (@litecoin) August 16, 2024 Litecoin Could Begin Its Next Major Surge In October According to an analysis by Crypto Surf, Litecoin is expected to begin its next major bull run between October 2024 and March 2025. This prediction is based on past cycles, suggesting that Litecoin’s surge typically starts 15 to 19 months after its own halving event and 6 to 8 months following Bitcoin’s halving. Based on past cycles, $LTC should start its bull run 15 to 19 months after its halving, and 6 to 8 months after $BTC halving. So between Oct 2024 and Mar 2025. Q4 / Q1 should be interesting 👀⌛️#HODL #Litecoin pic.twitter.com/8Ebm9KjhE1 — Surf (@_CryptoSurf) August 15, 2024 Despite its robust network and consistent usage, Litecoin has yet to experience a bull market that fully captures its value proposition, especially when compared to Bitcoin and Ethereum. Litecoin’s unique characteristics—such as faster transaction speeds and lower fees—position it as a strong contender in the cryptocurrency market. However, its potential has not yet been fully recognized by the broader market. With its upcoming bull run projected to start in late 2024 or early 2025, Litecoin may finally gain the recognition it deserves.…
Filed under: News - @ August 18, 2024 4:16 am