Countdown to Halving in Litecoin (LTC). Effect on Litecoin (LTC) Price

The upcoming halving event in 2023 is generating significant excitement among cryptocurrency enthusiasts and investors who are eagerly anticipating the Litecoin (LTC) halving .
This will be the third halving in Litecoin ‘s history , following previous events in 2015 and 2019 .
During the halving , there will be a 50% reduction in Litecoin’s emission rate . Currently, miners receive 12.5 Litecoins (LTC) per block , but after the halving , this reward will decrease to 6.25 LTC per block .
Recent search trends for LTC have reached their highest point of the year according to IntoTheBlock , an on-chain analytics firm . It is widely believed that media attention surrounding the upcoming halving event has played a significant role in driving this increased interest .

What is LTC coin?

Litecoin (LTC) was created in 2011 by Charlie Lee , a former Google engineer , and has since become a well-known cryptocurrency . It is often compared to Bitcoin as the ” silver ” counterpart to Bitcoin’s ” gold ” due to their similarities . Like Bitcoin , Litecoin operates on an open-source blockchain network and shares various technical features such as decentralization and a proof-of-work consensus algorithm .

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