Litecoin has got a new fan in the form of Anthony Mackie who is known for playing Falcon in the popular Marvel Cinematic Universe.
Appearing on Vanity Fair, in a video titled, “Everything Anthony Mackie Does In a Day,” Mackie talks about this daily routine that goes from doing 200 pushups, the first thing he does in the morning to Beyonce music, building houses, and making stained glass art.
Apart from all this, what else makes up for “Falcon”’s day to day activities is cryptocurrency “Litecoin.”
“My Litecoin app to see what my Litecoin at because I don’t trust Bitcoin, Litecoin forever.”
You can watch the entire video here:
— OKEx (@OKEx) May 22, 2019
Apart from gaining attention from Anthony Mackie, Litecoin is also looking forward to a “good news” as we reported that could be the neutrino support.
Good news regarding Litecoin & Lightning Network soon! Follow the @LTCFoundation for the latest updates.
— Loshan (@loshan1212) May 27, 2019
The biggest event, however, that means big things for 6th largest cryptocurrency by market capitalization is the reward halving coming in early August. With only 65 days left in the event, we are not far from the day when Litecoin supply would be cut down that is expected to give a boost to its price.
Currently, there are 62,053,250 LTC in circulation out of the total 84 million that would ever be minted. While Bitcoin has the fixed supply of 21 million, Litecoin still has 21,946,750 LTC left to be minted.
The block reward halving which is a historically bullish event for the world’s top cryptocurrency Bitcoin, coming in May 2020 has the undivided attention of the market. The fork of Bitcoin and silver to Bitcoin’s gold, Litecoin has the community excited as well that are looking for LTC make a new peak.
The #Litecoin halving is quickly approaching
LTC bottomed approximately 200 days before it's halving in 2015
We are almost exactly 200 days away from the next $LTC halving
LTC peaked 2+ years after it's halving, If it follows a similar path this time the peak will be in 2021 pic.twitter.com/UbsQdEmhnN
— Moon Overlord (@MoonOverlord) January 29, 2019
With block profitability cut in half from 25 to 12.5 coins, the previous halving we saw preceded by a large price rally with an increase of 200 percent. This halving also has several scenarios that could play out such as increase in hash rate in the months prior to the halving that we already saw LTC network hitting in April.
During the last halving, Litecoin price increased from about $1.5, three months before halving to more than $3 post halving.
Please note, that is not a bit of financial advice, nor the WhaleToBe team’s view