Similar to Bitcoin, this is done every four years to slow network inflation and make coins scarcer over time, which could increase the price.
However, Litecoin's price has not experienced any bullish movements. The coin is currently trading at $88 after falling more than 6% during the previous 24 hours Former Google employee Charlie Lee created Litecoin in 2011 with the goal of developing a quicker, more affordable counterpart of Bitcoin. Although it hasn't been able to surpass Bitcoin in terms of popularity, it has made a comeback after being listed on EDX Markets, a new Wall Street-backed cryptocurrency exchange targeted at institutional investors.Related Articles
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Litecoin Undergoes Third 'Halving,' in Milestone for 12-Year-Old BlockchainThe blockchain's 'halving,' where the pace of new issuance of cryptocurrency gets cut in half every four years, took place Wednesday, when it reached data block 2,520,000.
Source: CoinDesk - 🏆 291. / 63 Read more »
Litecoin ‘Halving,’ Set for Wednesday, Should Harden Supplies of ‘Digital Silver’The once-ever-four-years 'halving' on the Litecoin blockchain, set for Wednesday, means that the pace of new issuance of units of the LTC cryptocurrency will be cut in half. The dynamic is similar to the 'hard money' mechanics that crypto analysts say helps to boost bitcoin's price.
Source: CoinDesk - 🏆 291. / 63 Read more »
Litecoin Halving Unlikely to Drive Immediate Price Gains, Past Data ShowTraders anticipating $LTC's impending reward halving to inject immediate bullish pressure in the $LTC market may want to look at what past data is saying. reports godbole17. litecoin
Source: CoinDesk - 🏆 291. / 63 Read more »