{"id":543985,"date":"2023-07-24T12:30:48","date_gmt":"2023-07-24T12:30:48","guid":{"rendered":"https:\/\/uniquehot.com\/?p=543985"},"modified":"2023-07-24T11:41:39","modified_gmt":"2023-07-24T11:41:39","slug":"litecoin-halving-opportunity-for-growth-or-sell-off","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/litecoin\/litecoin-halving-opportunity-for-growth-or-sell-off\/","title":{"rendered":"Litecoin Halving: An Opportunity For Growth Or A Setup For A Sell-Off?"},"content":{"rendered":"
As the crypto market gears up for one of its major network events, the Litecoin (LTC) halving<\/a>, investors and analysts are peering into the crystal ball of market trends to try to predict the outcome. Slated for early August, the halving has attracted considerable attention from the cryptocurrency community. <\/span><\/p>\n However, predictions surrounding the event are veering off the usual path of price appreciation to include a potential coordinated sell-off. Particularly,\u00a0<\/span>Renowned on-chain analyst, Ali Charts, has introduced<\/a> a novel perspective to the halving discourse, with his theory that the much-anticipated event could turn out to be a “Sell the News” event.\u00a0<\/span><\/p>\n #Litecoin<\/a> | Each time the number of new $LTC<\/a> addresses surpassed 350,000 in the last five years, a significant price correction followed.<\/p>\n More than 690,000 #LTC<\/a> addresses were recently created, suggesting the upcoming #halving<\/a> could be a “sell the news” event. pic.twitter.com\/FBsokPgaYA<\/a><\/p>\n \u2014 Ali (@ali_charts) July 23, 2023<\/a><\/p><\/blockquote>\n According to Ali, the idea of a “Sell the News” event stems from an observed increase in new Litecoin addresses created on the network. In recent times, over 690,000 new LTC addresses have emerged. This surge<\/a> is significant because historically, a price correction tends to occur whenever the count of new Litecoin addresses crosses the 350,000 mark, as noted by Ali Charts.<\/span><\/p>\n\n
Unusual Network Activity Sparks Sell-Off Theories<\/span><\/h2>\n