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Cryptopolitan 2019-08-14 16:36:44

Litecoin halving in less than 18 hours: What would be the price impact?

The anticipated Litecoin halving is less than eighteen hours away. So, rewards for miners will likely be reduced from about twenty-five (25) to a little over twelve (12.5) LTC per block. This is the difference in the value from approximately two thousand two hundred and ninety-five dollars ($2,295) to one thousand one hundred and forty-seven dollars ($1,147) in prices today. The halving process is part of the deflationary nature of the coin, with lesser coins hitting up the market as the Litecoin steadily shifts towards its total supply of about eighty-four million Litecoins (84,000,000 LTC). Litecoin’s creator Charlie Lee recently