Why is Litecoin worth rising in the present day?

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Litecoin (LTC) Costs rose in the present day, outperforming the broader cryptocurrency market as merchants stay bullish on block rewards halve August occasion.

LTC worth rose about 8.3% on July 2nd to $116, its highest stage since April 2022. The week-to-date return climbed greater than 30%, making it the most effective week for Litecoin since November 2021.

Each day worth chart. Supply: TradingView
Each day chart of LTC/USD vs. Crypto Market Cap. Supply: TradingView
Each day chart of LTC/USD. Supply: TradingView
Weekly worth chart for LTC/USD. Supply: TradingView

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