The next Litecoin halving is expected to take place on the 2nd of August approximately but what is it and will it influence its price?
Similarly to Bitcoin, Litecoin has miners that validate transactions, add new blocks and maintain the network, in exchange a fix amount of new coins are created and rewarded to them, rewards which get halved every 4 years.
In 2015 and 2019, previous halving events reduced the block reward from 50 LTC to 12.5 LTC, respectively and it will drop to 6.25 in August 2023.
These halvings have historically led to price rallies for Litecoin as it creates a imbalance between supply and demand, certainly is an event you should be aware of but this is not the only one you should look at, even if it will definitely lead its price higher in a long term, it's important to note that Bitcoin has a significant influence on the overall cryptocurrency market and after its rally in the past months chances are high it will reverse its trend and drag all the crypto market with it. #code crypto #bitcoineer seriös #crypto mewto #nupl bitcoin #gbtc bitcoin
Litecoin (Upcoming Halving) shorts cryptonews [rxSa7CC-h-p]
The next Litecoin halving is expected to take place on the 2nd of August approximately but what is it and will it influence its price?
Similarly to Bitcoin, Litecoin has miners that validate transactions, add new blocks and maintain the network, in exchange a fix amount of new coins are created and rewarded to them, rewards which get halved every 4 years.
In 2015 and 2019, previous halving events reduced the block reward from 50 LTC to 12.5 LTC, respectively and it will drop to 6.25 in August 2023.
These halvings have historically led to price rallies for Litecoin as it creates a imbalance between supply and demand, certainly is an event you should be aware of but this is not the only one you should look at, even if it will definitely lead its price higher in a long term, it's important to note that Bitcoin has a significant influence on the overall cryptocurrency market and after its rally in the past months chances are high it will reverse its trend and drag all the crypto market with it. #code crypto #bitcoineer seriös #crypto mewto #nupl bitcoin #gbtc bitcoin