At this point, litecoin had surged 16% in 24 hours and was trading at its highest since mid-May, additional CoinMarketCap data shows. Litecoin, which is very similar to digital sibling bitcoin, rose in value as several other cryptocurrencies experienced notable gains. Joe DiPasquale, CEO of cryptocurrency fund of hedge funds BitBull Capital, also commented on the halving, describing it as "a positive driver for Litecoin price." "On the other hand, watching the $100 price level here now becomes important. Disclosure: I own some bitcoin, bitcoin cash, litecoin and ether.

Source: Forbes May 24, 2019 21:44 UTC