Wow! Happy LTC Jumps 15%, Now Heading To $100!

<p>&nbsp;“How long will it take for LTC to reach $100? Is it today, tomorrow or next week?”</p><p><br /></p><p>Cryptocurrency Litecoin (LTC) which managed to see a drastic rise of 15% to pass the level of $96 from $84 is expected to continue the upward trend until the level of $100 or even higher.</p><p><br /></p><p>There is no denying that over the past 15 days LTC has seen a strong move with a jump of over 40%, but it should be noted that the price has touched the $100 level several times in 2023.</p><p><br /></p><p>However if LTC is able to break through the $100 resistance zone, then the price has the potential to rise higher to reach new highs.</p><p><br /></p><p><br /></p><p>It is widely known that the increase in the price of LTC is due to the halving event that will take place in mid-August 2023, where it will reduce the block reward from 12.5 LTC to 6.25% LTC per mining block.</p><p><br /></p><p>Following the halving event will trigger a reduction in supply, the price of LTC is predicted to surpass $100 and the crypto market may be able to bounce back due to the positive sentiment surrounding it.</p><p><br /></p><p>Like to be informed that investor activity on the LTC blockchain has increased as the halving event approaches its date, then the hash rate of the digital asset also spiked a week after LTC payment transactions reached an all-time high.</p><p><br /></p><p>In June 2023, the hash rate of LTC mining and the increasing difficulty of mining means that finding new blocks will be more difficult, therefore miners have acted to add more machines to increase their chances of finding blocks.</p><p><br /></p><p>As a result, the LTC network reached its highest hash rate by reaching 958.36 terahashen per second (TH/s) on June 28, 2023 and it is one of the positive signs for the network and the digital asset.</p>