Litecoin halving is 13 days away — So where is the LTC price rally?

In BTC terms, however, there appears to be little worth celebrating. By contrast, 1 LTC was when worth as much as 0.052 BTC– the equivalent of $1,560 today.LTC/ BTC 1-month chart. Source: TradingViewFor Bitcoin SV (BSV), the photo is even worse, with a copycat bounce from record lows in June already stalling.At the time of writing, BSV/BTC traded at 0.00124 BTC– similarly 98% below all-time highs.BSV/ BTC 1-month chart.

Bitcoin (BTC) is still practically a year away from its next block benefit halving, however Litecoin (LTC) miners are currently bracing for impact.In less than 2 weeks, Litecoins block subsidy will drop from 12.5 LTC to 6.25 LTC per block.Whales stock up on LTC– however BTC value stays weakDespite its fair share of debate, Litecoin stays the 12th biggest cryptocurrency by market cap at around $6.8 billion.Its miners presently rake in 7,200 LTC in block benefits daily, equal to a U.S. dollar value of around $670,000. As the halving nears, significant investors appear to be looking for an easy trade, popular trader Mikybull Crypto and others noting “whales” buying up practically $60 million worth of LTC in the previous two days.