Litecoin (LTC) to Undergo Halving in Only 20 Days: Details
Fundamental Litecoin event just around corner, and you should not miss it
Renowned cryptocurrency Litecoin (LTC), the "digital silver" and most successful Bitcoin (BTC) fork, is gearing up for its eagerly anticipated third halving event. Deemed as one of the most crucial events of 2023 for proof-of-work (PoW) cryptocurrency enthusiasts, traders and investors, the Litecoin (LTC) halving signals a pivotal moment for the coin's price, technology and road map.
Scheduled to occur on Aug. 2, 2023, Litecoin's halving will witness the emission of the cryptocurrency reduced by 50%. Presently, Litecoin (LTC) miners are rewarded with 12.5 Litecoins (LTC) per block, a reward that will be slashed to 6.25 LTC post-halving. Following the halving, owners of Litecoin (LTC) mining rigs will earn $607.8 every 2.5 minutes at current prices.
Historically, halving events typically instigate a bullish cycle for not only the primary cryptocurrency but also for the major altcoins. The anticipation of Litecoin's (LTC) halving has already induced a double-digit surge in the prices of Litecoin (LTC), Bitcoin Cash (BCH), Bitcoin Cash ABC (XEC) and other Bitcoin-like cryptocurrencies.