Litecoin Price Speculation after Next LTC Halving

Litecoin (LTC) is a decentralized cryptocurrency launched in 2011 by Charlie Lee. Litecoin is considered as silver like bitcoin is considered as gold and LTC proved this by doing great, ranking on top of cryptocurrencies.

Litecoin (LTC) is most widely used cryptocurrency in payments and is included in the most prominent cryptocurrencies. It is also included in the list of most surviving cryptocurrencies of the next five years in the crypto markets. There are almost 25,000 transactions of Litecoin (LTC) occurring every single day from last one year which is a very great achievement on the part of Litecoin.

Halving

Now the question arises what is meant by Litecoin halving. Halving is not common to just Litecoin but it is applied to all cryptocurrencies. Halving mean when a certain number of blocks are completed then reward will reduced to 50%.This reduction will happen every time of crypto halving.

Litecoin Halving date of 2019:

The Litecoin (LTC) halving happens after four every four years. Last time, it took place in the month of August in 2015.

Following the same pattern, the next halving Litecoin (LTC) will happen in 2019.

Price Prediction after halving:

Normally, after halving, price of coin always increases. We are expecting the same pattern about Litecoin. In case of last halving of Litecoin, the price increased.

Even price starts to increase a month before halving. In August 2015, price in July increased seven times than its original price. The same condition is expected in 2019. According to this prediction, the price will increase after halving.

Source: Waletinvestor.com

The above chart is 100% according to our price speculation about the price of Litecoin before and after halving.

The respective halving in the next years will happen in 8/28/2023, 8/27/2027 and 8/26/2031.

People all over the twitter talking about this

 

Reduction in Block Reward:

After the certain number of transactions in the form of blocks, the block reduces to half.

Currently, the miners are receiving 25 LTC after every 2.5 minutes. After the next halving, Miners will get 12.5 LTC as a block reward.

Conclusion:

All the past scenarios and current position of trend line is telling us clearly that the price value of Litecoin (LTC) will increase at halving in 2019.

 

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Adeline Gibbs

Adeline Gibbs is a writer and a vital contributor to Tokenhell. She always stay up-to-date with latest happenings in crypto world.

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