Bitcoin Bulls Take Heart From Litecoin’s Market-Beating Jump
- Litecoin is among best-performing major tokens over past year
- ‘Halving’ process that lifted Litecoin lies ahead for Bitcoin
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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.