Halving is a process by which the per-block reward given to miners in a crypto network for verifying transactions and adding blocks to the ledger is reduced by 50%. It's a feature in both the Litecoin and Bitcoin blockchains, which implement the halving roughly every four years. While traders might expect LTC to surge after cut takes effect due to the supply constraint, past data suggests otherwise.
. Previous halvings occurred on Aug. 5, 2019, and Aug. 25, 2015. According to Litecoin founder Charlie Lee, these disinflationary halvings help achieve mass adoption without sacrificing network security.LTC's immediate response to previous halvings was anything but bullish. Perhaps traders priced in the halvings in advance, as evident from the pre-event rallies, and then took profits before sitting on the fence for months awaiting a bitcoin bull run.
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