Litecoin Hits One-Month Low Following Halving Event, Dogecoin Tumbles 4% As Well

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The price of Litecoin (CRYPTO: LTC), the native token of the Litecoin blockchain, dropped to its lowest level in a month on Wednesday afternoon, shortly after undergoing its highly anticipated “halving” event. What Happened: LTC reached a low of $86, a price point not seen since June 30. The cryptocurrency experienced a decline of approximately 6% throughout the day, underperforming both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were down 2% and 2.25% respectively. The decline in price followed Litecoin’s third halving event since its inception in 2011. Similar to Bitcoin halving…

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