Scheduled on 3rd August 2023
What is Halving?
- Upgrade where block rewards to miners are reduced by 50%
- LTC Halving happens every 4 years like BTC halving
- Previous 2 halving events in 2015 and 2019 have seen large gains for Litecoin gaining 440% and 375% respectively.
What does this mean for Litecoin (LTC)?
- LTC supply will reduce by 50% creating more demand due to limited token supply. Historically this is seen as a bullish catalyst for a fresh crypto bull run.
- Post halving, rewards for mining LTC will be cut to 6.25 LTCs from the earlier 12.5 LTCs.
Analyst take
With just under 60 days left for halving, we could potentially see LTC making big moves before the highly anticipated upgrade. Often referred to as silver to bitcoin’s gold, Litecoin remains one of the largest tokens ranked #11 on CMC.
Source: Oklink
Note: This is not an investment advice and we highly recommend that you do your own research
