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Mastering Crypto

07/06 03:40

LTC Halving Time

The Litecoin (LTC) halving time is expected to be August 3, 2023, with less than 78 days remaining, when the block reward will drop from 12.5 LTC to 6.25 LTC. As the halving date is getting closer, coupled with the recent speculation about LTC-20, the price of LTC has begun to rise, and the transaction amount has also increased rapidly.

Yesterday, the transaction amount of Litecoin was 73.198 million LTC, an increase of 76.49% from the previous day. The number of active Litecoin addresses and the number of newly added addresses reached a record high on May 10, reaching 832,000 and 691,000 respectively.

There have been two halving records in the history of Litecoin. The first halving occurred on August 25, 2015, reducing the block reward of Litecoin from 50 LTC to 25 LTC. The second reward halving took place on August 5, 2019. The event reduced miner rewards from 25 LTC to 12.5 LTC. Historically, Litecoin’s gains before the halving were 810% in 2015 and 543% in 2019, and this time the current increase is 126%, which means that before the halving, Litecoin still has a certain upside.Litecoin_image.jpg

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