ליטעקאָין זעט ינקרעאַסעד נעץ אַקטיוויטעט פאָרויס פון כאַלווינג

Litecoin is slated to undergo its third mining reward halving in early August, after which the per-block reward paid to miners will be lowered by 50% to 6.25 LTC from 12.5 LTC. Leading up to the fact, the 12th largest crypto-asset by market value has managed to fetch some big gains lately, pushing its price to $92.58.

Several on-chain metrics have also flipped positive.

Litecoin’s Network Activity

Data from IntoTheBlock suggested that Litecoin had a strong month. Since the end of April, the total address count with a balance has increased “intensely.” There are currently 8.5 million LTC addresses with a balance last week.

ליטעקאָין האט אַ שטאַרק חודש. די גאַנץ ווענדט מיט אַ וואָג איז מער ינטענסלי געוואקסן זינט דעם סוף פון אפריל און מיר איצט אָבסערווירן קימאַט 8.5 מיליאָן LTC אַדרעסעס מיט אַ וואָג!# ליטעקאָין https://t.co/beYBnYLzm8 pic.twitter.com/seMsdiJEup

- IntoTheBlock (@intotheblock) מייַ קסנומקס, קסנומקס

Both new and active address count has been hovering close to the fresh all-time highs established in February this year. In fact, new addresses being created on the Litecoin network briefly surpassed new Bitcoin addresses.

Crypto-analytic platform, Santiment recently stated that if the trend of increased on-chain volume continues, it will be a strong sign that some big players are beginning to jump in on their LTC investments in anticipation of the halving.

"די האַלווינג פון LTC20 אויף 10 אויגוסט וועט זיין אַ באַטייטיק געשעעניש פֿאַר די ליטעקאָין נעץ. רובֿ עקספּערץ דערוואַרטן די געשעעניש צו האָבן אַ positive פּראַל אויף די פּרייַז פון ליטעקאָין, און מיר וואָלט זיין אַרייַנגערעכנט אין דעם גלויבן.

Litecoin’s hash rate has also been consistent. After a few minor dips, the processing power dedicated to the blockchain was up by more than 24% from 573 TH/s at the beginning of the year to the current value of 712 TH/s. Closely following the hash rate is the mining difficulty which stood at 25.12 million hashes.

Increased OI for Litecoin Futures

The upcoming halving event has managed to influence Litecoin’s futures derivatives contracts as well, which spiked by more than $420 million globally – resulting in a year-to-date growth of over 20%, as per data compiled by Coinglass.

As such, Litecoin Futures’ open interest has grown to the highest level seen since the beginning of last year. Open interest refers to the number of outstanding derivatives contracts