Litecoin is ranked at #4 on coinmarketcap. The price of LTC noted a minor plunge rate of 1.69%, LTC stands at $92.92. The halving is less than 12 days away, and the prediction of LTC enthusiasts who said LTC would reach $200 after halvening remains to be seen.
The trading volume recorded is $2.502 billion. The total market cap of Litecoin is $5.837 billion. The supply has 62,827,543 LTC circulating for now.
Bitcoin Cash is ranked right after Litecoin, at #5. These two have been involved in a war in the market for a while. With the Litecoin halving nearing, some speculate that $300 million difference between the two will grow with time.
BCH is priced at $311.12, with a recovery rate of 1.70%. The trading volume recorded is $1.442 billion, while the supply has 17,912,438 BCH tokens currently. The total market cap of Bitcoin Cash is $5.572 billion.
— David Schwartz (aka – Dasch) (@DaddyCool1991) July 25, 2019
The Miami Dolphins chose to go with Litecoin as the official cryptocurrency. Litecoin has previously sponsored kickboxing events. The Proof-of-Work mechanism is followed by those like Litecoin, Bitcoin, etc. Miners will be rewarded 12.5 LTC, as the orginal reward [25 LTC] will be halved.
As you can see, Litecoin has had a particularly rough time in the market. LTC must reach $100 which is where it may encounter resistance. Although, the impact of the halving on the price isn’t guaranteed, though it had helped BTC to surge in the past.
If Litecoin notes proper gains, the difference between the two will be widened. Watch this video uploaded on Bitcoin.com – Official Channel on YouTube, and tell us what you think of the statements made by Roger Ver, a BCH admirer: