LTC Shoots Upward as Litecoin Successfully Halves. Here’s What to Expect | Crypto Craft

  • LTC Shoots Upward as Litecoin Successfully Halves. Here’s What to Expect

    From zycrypto.com

    Litecoin (LTC) is now the fourth-largest cryptocurrency by market cap overtaking Bitcoin cash after its halving at 10:16 UTC on Monday, August 5, 2019. Litecoin’s price has also picked up pace hours after the halving which has placed it in double digits. But let’s see what could potentially happen in the Litecoin market days or months after this halving. Litecoin Gains Significantly Shortly After its Halving As of press time, Litecoin is valued at $100.06, which is a 7.17 percent increment in the virtual asset’s price in 24 hours. However, a look at CoinMarketCap’s chart shows that an hour after its halving, ... (full story)

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TwoSense
Aug 5, 2019 1:54pm
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Impact on Litecoin supply going forward:
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out of 84 million LTC that will ever be mined, 63 million (75%) are already in circulation. Thus, it’s left with about 20 million Litecoin before this limit is hit.

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What’s more important is that the remaining 20 million will not be supplied to the market at the same rate as before. Instead of 14,400 LTC daily, it will now be 7,200 LTC. Also, a total of 10,498,650 will be supplied before Litecoin’s next halving on August 2, 2023 (839,892 blocks away), which could lead to a positive turnout of events.
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cryptocow
Aug 5, 2019 1:52pm
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I bet we can expect 1/2 the block reward for miners.
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