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Created by Charlie Lee, Litecoin was designed to be the"silver" to Bitcoin's"gold," with a supply limit of 84 million coins. The network has seen several upgrades and improvements over the years. Notably, Litecoin underwent a"halving" in August 2023, which reduced the mining reward from 12.5 LTC to 6.25 LTC per block. This event, which occurs approximately every four years, is designed to control inflation and extend the longevity of the reward system.
At the time of writing, LTC had risen 0.26% in the last 24 hours to $84.43 and is the 20th largest cryptocurrency with a market capitalization of $6.28 billion.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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