Sunday, 05 July 2020

Litecoin Halving in 5 Days

Litecoin block mining reward will be cut in half on Monday. The block reward will go from 25 to 12.5 litecoins.
The maximum supply is 84 million litecoins and 63 million are already in circulation.

The halving event will also shine a light on the fact that Litecoin is limited in supply hence it could hold its value extremely well compared to fiat currencies like USD or EUR which are inflationary, meaning new money is constantly injected into the monetary system, therefore devaluing it.

Looking at the chart, the price action has been very similar to the last time the halving took place in 2015. Possibly giving us some clues to what comes next.

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