Live Litecoin Halving Countdown
Est. Time Remaining
Predicted Date
Aug 23 2027
Remaining Blocks
83149776
Total Blocks
84000000
Live Litecoin Price
$118.69
Market Cap
$8,967,931,205
Latest Bitcoin Blocks Mined
| Time Mined | Block Height | Total Fees |
|---|---|---|
| 29 June 2024, 20:17:21 | 850008 | 0.14335358 |
| 29 June 2024, 23:26:55 | 850032 | 0.09671325 |
| 30 June 2024, 02:44:56 | 850056 | 0.10024789 |
| 30 June 2024, 08:09:52 | 850080 | 0.19419128 |
| 01 July 2024, 11:14:54 | 850224 | 0.14252675 |
Key Takeaways
- Litecoin Halving event occurs every four years and for every 840,000 blocks to reduce its block reward by 50%. The last LTC halving took place on August 6, 2023 and reduced its block reward from 12.5 LTC to 6.25 LTC.
- The upcoming Litecoin Halving event is expected to happen in August, 2027. It is going to reduce the LTC block reward from 6.25 LTC to 3.125 LTC.
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.
Litecoin Halving Key Events
| 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 |
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.
Litecoin Halving Key Events
| 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 |
Frequently Asked Questions (FAQs)
When was the last Litecoin halving?
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.
Does Litecoin halving affect price?
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.
Is halving good for Litecoin?
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.
Recent Posts
Bitcoin Halving
Bitcoin halving event holds a special place in the crypto industry. The event occurs every…