- Litecoin’s (LTC) price reached $110 on June 30, marking a significant landmark.
- The trading price of the LTC has dropped below the $90K mark.
In recent days, one topic has taken over the headlines in the crypto market. The upcoming Litecoin Halving has become the most anticipated event among the crypto community. Moreover, with the hype getting higher, Litecoin’s (LTC) price reached $110, marking a significant landmark on June 30.
The most anticipated Litecoin Halving event has been scheduled for August 2, 2023. The Litecoin Halving is just seven days away. However, the LTC trading price depicts fears of dropping below the $90 level. The whole crypto market expects the LTC drop to be a sign to pull back higher.
Litecoin (LTC) Price Shows a Significant Drop
In mid-June, the LTC trading price showed massive bullish intent to reach $70 to $110 in just three weeks. After Litecoin crossed $110, the whole crypto market started to expect it to experience more highs in the coming days. However, the trading price of the LTC has dropped below the $90K mark. The sudden drop has sent shockwaves to the whole crypto market.
The hype for Litecoin Halving is getting higher as there are seven days left for the event. After announcing the schedule, the Litecoin Network has shown remarkable milestones in recent days. The LTC whale activity also experienced a significant increase. With Litecoin Halving around the corner, the whales are continuously accumulating LTC tokens. However, the LTC price has shown a decline recently. The drop is expected to be a sign to pull back higher as the Halving takes place in just seven days.
At the time of writing, the LTC price is around $89.31, with an increase of over 0.11% in the last 24 hours. The trading volume of LTC has experienced a decline of 15.89%, according to CoinMarketCap.
