LTCUSD - Situation before and after halving 2019
After the previous halving of Litecoin’s block reward in 2015, its price increased by 400%. Should we expect a similar effect now?
On August 5, a block reward halving occurred in the Litecoin network on block 1680000, as a result of which the miners' remuneration halved. Instead of 25 LTC, miners will receive 12.5 LTC for each new block.
Litecoin is one of the earliest forks of Bitcoin, which has undergone through its second halving process, wherein at the block height of 1,680,001 broadcasted by the Antpool, the block mining rewards have been effectively reduced from 25 LTC to 12.5 LTC. Putting other things constant, the miners with older models like f2pool are about to face losses. The Litecoin price increased by around 13% in the last 24 hours before halving.
In order to understand a particular set of things that dictate how much of Litecoin would be released, and how and when the supply is reduced over time, leading to a phase where no new Litecoins will be released. Some experts believe that the reduction in the miners' remuneration, as during the previous halving, will force the price of the fourth cryptocurrency capitalization to rise upwards to new heights.
On August 5, a block reward halving occurred in the Litecoin network on block 1680000, as a result of which the miners' remuneration halved. Instead of 25 LTC, miners will receive 12.5 LTC for each new block.
Litecoin is one of the earliest forks of Bitcoin, which has undergone through its second halving process, wherein at the block height of 1,680,001 broadcasted by the Antpool, the block mining rewards have been effectively reduced from 25 LTC to 12.5 LTC. Putting other things constant, the miners with older models like f2pool are about to face losses. The Litecoin price increased by around 13% in the last 24 hours before halving.
In order to understand a particular set of things that dictate how much of Litecoin would be released, and how and when the supply is reduced over time, leading to a phase where no new Litecoins will be released. Some experts believe that the reduction in the miners' remuneration, as during the previous halving, will force the price of the fourth cryptocurrency capitalization to rise upwards to new heights.
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