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LTC’s indifferent attitude toward the pivotal event could be explained by the fact that on both occasions, bitcoin, the leading cryptocurrency by market value and industry anchor, was nursing the after-effects of a brutal bear market. More importantly, crypto bull markets typically begin months after bitcoin’s reward halvings, which occur 8-9 months after Litecoin’s halvings. Bitcoin’s fourth halving is due in March/April 2024.
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- Source: https://www.coindesk.com/markets/2023/08/02/litecoin-halving-unlikely-to-drive-immediate-price-gains-past-data-show/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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