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Bitcoin Bulls Take Heart From Litecoin’s Market-Beating Surge
Bitcoin investors are drawing succor from a surge in the smaller token Litecoin over the past year that has outstripped the broader crypto market. That’s because one of the drivers of Litecoin’s near 90% climb over the period was its so-called halving — or halvening — that will curb the supply of the token, a process that also lies ahead for Bitcoin in coming months. “Litecoin often served as a sentiment metric on the Bitcoin halving, being scheduled in advance compared to it,” Matteo Greco, a crypto research analyst at Fineqia, wrote in a note. Litecoin was created in 2011 and aims for faster ... (full story)