Comment
Author: Admin | 2025-04-28
Halving took place in 2019 when the block reward was reduced from 25 LTC per block to 12.5 LTC per block.In the following sections, we will examine LTC’s price movements before and after each halving. But before we get started, here are the dates of past and projected dates for future Litecoin halvings. Date Block Height LTC Mining Reward Reduction LTC Price at Date of Halving Prehalving Period October 13, 2011 0 50 LTC / First Halving August 25, 2015 840,000 50 LTC → 25 LTC $3.05 Second Halving August 5, 2019 1,680,000 25 LTC → 12.5 LTC $104.72 Third Halving August 2, 2023 2,520,000 12.5 LTC → 6.25 LTC $93 Fourth Halving July 2027* 3,360,000 6.25 LTC → 3.125 LTC / Fifth Halving August 2031* 4,200,000 3.125 LTC → 1.5625 LTC / *Estimated halving datesFirst Litecoin halving (August 25, 2015)The first Litecoin halving took place in 2015, roughly 4 years after the mainnet launch in 2011. In the months preceding the first halving, Litecoin’s price increased dramatically, from $1.40 in May 2015 to a peak of $8.73 in July. However, the price retraced in the weeks before the halving and eventually dropped to $3.05 on the day of the halving, allowing investors to buy Litecoin at a heavy discount compared to just a few weeks ago.Second Litecoin halving (August 5, 2019)Three months before the second Litecoin halving in August 2019, Litecoin was changing hands at roughly $75. The price saw a massive increase in June, having reached a peak
Add Comment