{"id":7745,"date":"2022-11-30T12:42:25","date_gmt":"2022-11-30T12:42:25","guid":{"rendered":"https:\/\/xcoins.com\/?p=7745"},"modified":"2024-01-09T15:11:56","modified_gmt":"2024-01-09T15:11:56","slug":"why-is-litecoin-taking-off","status":"publish","type":"post","link":"https:\/\/xcoins.com\/en\/blog\/why-is-litecoin-taking-off\/","title":{"rendered":"Litecoin Surges as Halving Date Edges Closer"},"content":{"rendered":"\r\n<p>Litecoin is currently up 10% week-on-week, soaring as other major coins slide in value.<\/p>\r\n<p>Its price gains are currently outpacing top coins including <strong>Bitcoin<\/strong>, <strong>Ethereum<\/strong>, <strong>Dogecoin<\/strong>, Ripple\u2019s <strong>XRP<\/strong>, and <strong>Bitcoin Cash<\/strong>.\u00a0\u00a0<\/p>\r\n<h2><strong>What is Litecoin?<\/strong><\/h2>\r\n\r\n\r\n\r\n\r\n\r\n<p>Litecoin is often seen as Bitcoin\u2019s younger, more nimble, little brother.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Based on Bitcoin\u2019s code, Litecoin has a handful of optimizations that make it a <a href=\"https:\/\/xcoins.com\/en\/blog\/what-is-litecoin-and-why-would-you-buy-it\/\">better means of exchange than Bitcoin<\/a> thanks to its smaller block size resulting in lower transaction fees and faster payments.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>However, it hasn\u2019t grabbed the same status as Bitcoin as a <a href=\"https:\/\/xcoins.com\/en\/blog\/why-gold-was-the-global-asset-of-choice-throughout-history-and-why-thats-changing\/\">store of value<\/a>.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\" id=\"h-litecoin-s-halving-date-is-closing-in\"><strong>Litecoin\u2019s halving date is closing in<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Just like Bitcoin, Litecoin experiences <a href=\"https:\/\/xcoins.com\/en\/blog\/bitcoin-halvings-how-bitcoin-stole-the-show\/\">halvings<\/a> every four years.<\/p>\r\n\r\n\r\n\r\n<p>At a halving, the reward given to miners for <a href=\"https:\/\/xcoins.com\/en\/blog\/how-does-bitcoin-mining-work\/\">mining<\/a> a block is cut in half. This means the rate of supply falls overnight which <a href=\"https:\/\/xcoins.com\/en\/blog\/is-bitcoin-following-the-growth-range-defined-by-previous-halvings\/\">drives up the price<\/a>. This causes both Bitcoin and Litecoin to experience <a href=\"https:\/\/xcoins.com\/en\/blog\/the-four-phases-of-the-bitcoin-market-cycle\/\">halving cycles<\/a>, in which the price typically rises as a halving approaches.<\/p>\r\n\r\n\r\n\r\n<p>Bitcoin\u2019s next halving isn\u2019t until March 2024, but Litecoin\u2019s next halving is currently predicted to be on Thu, Aug 03, 2023.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-8020\" src=\"https:\/\/xcoins.com\/wp-content\/uploads\/2022\/11\/ltchalving.png\" alt=\"countdown to ltc halving in days hours minutes\" width=\"2560\" height=\"1331\" srcset=\"https:\/\/xcoins.com\/wp-content\/uploads\/2022\/11\/ltchalving.png 2560w, https:\/\/xcoins.com\/wp-content\/uploads\/2022\/11\/ltchalving-300x156.png 300w, https:\/\/xcoins.com\/wp-content\/uploads\/2022\/11\/ltchalving-1024x532.png 1024w, https:\/\/xcoins.com\/wp-content\/uploads\/2022\/11\/ltchalving-1536x799.png 1536w, https:\/\/xcoins.com\/wp-content\/uploads\/2022\/11\/ltchalving-2048x1065.png 2048w, https:\/\/xcoins.com\/wp-content\/uploads\/2022\/11\/ltchalving-300x156@2x.png 600w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\r\n<p><em>Litecoin halving date prediction (litecoinhalving.com)<\/em><\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\" id=\"h-buy-litecoin-before-the-next-halving\"><strong>Buy litecoin before the next halving<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Want to fill your litecoin bags before the next litecoin halving? You can <a href=\"https:\/\/xcoins.com\/en\/buy-crypto\/litecoin\/\">buy litecoin with credit card, debit card, bank transfer, google pay, apple pay, and more at Xcoins<\/a>!<\/p>\r\n\r\n\r\n\r\n<p>As always, this article does not constitute financial advice. You should be sure to do your research and consult a professional financial advisor before making a major investment decision.<\/p>\r\n\r\n\r\n\r\n<p><em>To stay up to date on all things crypto, like Xcoins on <\/em><a href=\"https:\/\/www.facebook.com\/xcoinsofficial\"><em>Facebook<\/em><\/a><em>, and follow us on <\/em><a href=\"https:\/\/twitter.com\/realxcoins\"><em>Twitter<\/em><\/a><em>, <\/em><a href=\"https:\/\/www.instagram.com\/xcoins.hq\/\"><em>Instagram<\/em><\/a><em>, and <\/em><a href=\"https:\/\/www.linkedin.com\/company\/54161996\/\"><em>LinkedIn<\/em><\/a><em>.<\/em><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Litecoin is currently up 10% week-on-week, soaring as other major coins slide in value. Its price gains are currently outpacing [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":8018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[740],"tags":[],"class_list":["post-7745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.9 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Litecoin&#039;s Value Increases As Halving Date Edges Closer I Xcoins<\/title>\n<meta name=\"description\" content=\"Litecoin\u2019s halving date is edging closer and traders are stocking up on LTC in the hope of locking in gains.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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