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Why is Litecoin price up today?

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Litecoin (LTC) price is up today, outperforming the broader crypto market as traders continue to stay bullish about its block reward halving event in August.

LTC price jumped about 8.3% on July 2 to $116, its highest since April 2022. Its week-to-date returns climbed to over 30%, making it the best week for Litecoin since November 2021.

daily price chart. Source: TradingView
LTC/USD vs. crypto market cap’s daily chart. Source: TradingView
LTC/USD daily price chart. Source: TradingView
LTC/USD weekly price chart. Source: TradingView

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