CryptoNews: A halving event has taken place for Litecoin. This implies that the amount of Litecoin incentives distributed as mining rewards has been cut in half. 🧐
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 ‘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.
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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
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Litecoin (LTC) Goes Through Massive Sale Ahead of HalvingUnfortunately, most investors were buying the rumor in terms of $LTC and the upcoming halving confirms this message
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