Litecoin News

Litecoin (LTC) Block Reward Halving Less than a Month Away

 Litecoin (LTC) Block Reward Halving Less than a Month Away
Litecoin (LTC) Block Reward Halving Less than a Month Away

Based on current block production, (LTC) will go through another halving this August 5, at block 1,680,000. The reward will be lowered from 25 to 12.5 LTC, matching the block reward for (BTC). The LTC halving arrives half a year before the BTC block reward goes lower.

The first Litecoin halving happened on August 25, 2015, but this time, the date has drawn closer due to slightly faster block production with record mining activity.

The expectations of a lowered reward and slower coin production pushed up the LTC market price from lows around $22 in December 2018, to a recent peak around $140. But the shift in mark…

This article appeared first on Cryptovest

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Source: investing.com
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