CoinDesk: LTC is highly likely to see a sharp fall before the reward is halved

CoinDesk analysts said that according to CoinMarketCap data, LTC, the fourth largest cryptocurrency market by market value, currently trades at $123, a 7-day increase of 5%. At the same time, Bitcoin is currently up 1%, and the other top 10 cryptocurrencies are on the rise. LTC's recent relatively strong performance may be related to the halving of the block awards to be held on August 6 this year. This process aims to curb inflation by reducing mining incentives. Analysts believe that LTC's rise before halving seems limited. So far this year, LTC has witnessed significant growth in price and non-price indicators, which have grown by more than 300% year-to-date. At the same time, LTC's hash rate rose to a record 468.1019 TH / s this week. It is worth noting that the indicator is up 220% from the December low of 146.2118 TH / s. If you refer to the previous situation, then the possibility of LTC falling sharply before August 6 is very high.