Sign Up on MEXC
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..
Est. Time Remaining
Predicted Date
Remaining Blocks
Total Blocks
Live Litecoin Price
Market Cap
| Time Mined | Block Height | Total Fees |
|---|
The upcoming Litecoin Halving event is estimated to take place in August 2027, approximately after calculating...
When Litecoin blockchain was launched in 2011, its mining block reward was 50 LTC. After 3 Litecoin halving events, its block reward came down to 6.25 LTC and block height reached 2,520,000.
Halving events in blockchain networks are an intelligent way of reducing the token supply and increasing the value over time. Satoshi Nakamoto introduced the concept of Halving with Bitcoin blockchain. Being a hard fork of Bitcoin, Litecoin also shares most of its features, including the halving event.
While the total supply of Bitcoin is 21 million, Litecoin’s token supply is 84 million. The halving event plays a crucial role in achieving this limited token supply. And, unlike fiat currencies, Litecoin can avoid inflation over the long run by reducing the supply and increasing the value when demand rises.
| LTC Halving Event | Date | Block | Reward | New Litecoins | Mined % |
|---|---|---|---|---|---|
| First Halving | 25 Aug, 2015 | 840,000 | 25 | 21,000,000 | 75 |
| Second Halving | 5 Aug, 2019 | 1,680,000 | 12.5 | 10,500,000 | 87.5 |
| Third Halving | 2 Aug, 2023 | 2,520,000 | 6.25 | 5,250,000 | 93.75 |
| Fourth Halving | Aug, 2027 | 3,360,000 | 3.125 | 2,625,000 | 96.875 |
| Fifth Halving | Aug, 2031 | 4,200,000 | 1.5625 | 1,312,500 | 98.4375 |
| Sixth Halving | Aug, 2035 | 5,040,000 | 0.78125 | 656,250 | 99.21875 |
The last Litecoin halving took place on August 6, 2023 and reduced block reward from 12.5 LTC to 6.25 LTC at a block height of 2,520,000.
Historically, there is no significant price rise after Litecoin halving events. Even though the LTC price increased over the long run, the impact of LTC halving on its price is not evident.
Litecoin halving is good for its blockchain as it reduces the supply and avoids inflation. When the demand rises over time, there is a high chance for its value to increase as the supply is limited. However, there is no significant correlation between halving events and the LTC price.
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..
5M+ Monthly Page Views
50k+ Articles
