As Litecoin halving approaches, the number of millionaire addresses has been on the increase, serving as a bullish indication for the market value of its native token LTC.
In a recent tweet, Santiment, the industry-leading market intelligence platform, shared a welcoming update about Litecoin (LTC) as its enthusiasts anticipate the upcoming halving.
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According to the market intelligence platform, Litecoin millionaire addresses have been on a massive increase as the network’s halving event is within a month away.
Santiment further stated that it won’t be a surprise if we see another LTC rally as the latest development and the upcoming event are obviously bullish price indicators.
Santiment tweeted, “Litecoin’s millionaire addresses are continuing to increase in number, as the halving is within a month away now. Prices corrected over the #4thofJuly break, but don’t be surprised if another LTC rally happens with all of this whale accumulation.”
⚡ #Litecoin's #millionaire addresses are continuing to increase in number, as the #halving is within a month away now. Prices corrected over the #4thofJuly break, but don't be surprised if another $LTC rally happens with all of this #whale accumulation. https://t.co/L7MEhgPrTU pic.twitter.com/83wc2zkiCC
— Santiment (@santimentfeed) July 5, 2023
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Litecoin (LTC) Surges 26% in 24 Hours
In another tweet shared by Santiment a few days ago, it’s pointed out that the looming Litecoin halving is slated to take place on the 3rd of August 2023.
It’s worth noting that at the time the market intelligence platform shared the tweet, Litecoin was printing a remarkable rally of 26%, leading to LTC reclaiming $100 support.
Santiment tweeted, “Litecoin is under 5 weeks away from its halving, taking place on August 3rd. Prices have suddenly soared for LTC, blasting off for a +26% in just over a day. Watch for mainstream FOMO, as this usually foreshadows local tops until crowds calm down.”
⚡ #Litecoin is under 5 weeks away from its #halving, taking place on August 3rd. Prices have suddenly soared for $LTC, blasting off for a +26% in just over a day. Watch for mainstream #FOMO, as this usually foreshadows local tops until crowds calm down. https://t.co/KljBpjVy3C pic.twitter.com/7kDqEpyZjz
— Santiment (@santimentfeed) July 1, 2023
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