If you are currently witnessing the fall of Litecoin, don’t worry, after hearing this important news about Litecoin, your view on Litecoin may change. Altcoin Litecoin is less than two months away from its halving event.
This cryptocurrency has successfully passed its halving event twice. The first halving event of Litecoin took place in 2015 and the next halving event took place in 2019. It is now less than two months away from its third halving event.
The important news for Light Kevin traders is that the price of Light Kevin after two Hawing has been upward, and the main reason for this ascending rally has been the majority of analysts in this regard for the supply of Light Kevin against a fixed demand, which has been promoted to the climb of Kevin.
Maybe you have a question, what is hawing? The halving event refers to the halving of miners’ rewards after every four years. If you have read the history of Bitcoin, the Bitcoin network also halves the miners’ reward every four years. It goes without saying that in 2024, Bitcoin will have its halving event. Litecoin is currently used to extract every block that is mined by the miner.
It is solved, it gives a reward of about 12.5 litecoins, which means that this reward will be halved by the halving event, and in total, less new litecoins will be produced.
This law, which was registered as a code in the Bitcoin network by Satoshi Nakamoto, currently some altcoins follow this law.
Of course, experience has shown that you should not always rely on the halving event of Litecoin or any other coin to create an upward rally. The whole story is in the hands of the trading conditions on the Litecoin network.
Before the third Litecoin halving event takes place, Litecoin miners will be working hard to solve more blocks and receive more rewards because after the event Their reward halving will be halved, so expect Litecoin to repeat the previous cycle and rise after its third halving event.
With all these conditions and the decline of Litecoin due to the attack of the US Securities and Exchange Commission on the cryptocurrency industry, it has provided suitable conditions for buying Litecoin. I hope this important news of Litecoin is useful for you. Read the news of the day in Cryptocurrency chat in Follow Telegram.