Just in time for the start of the week, a high Bitcoin price gives new optimism to the cryptography market, which also benefits the Altcoins. For the top 10, Monday, August 5 today marks a very special day. We are talking about the bitcoin derivative Litecoin, which now has half of the mining reward. This means that LTC minors will receive only LTL 12.5 instead of the previous 25 SLDs as a reward for confirming transactions on the Litecoin network. Because of this shortage of litecoin offerings, many viewers are likely to see gains for litecoin course in the short or long term.
The litecoin course after the first halving
Now, halving the block rewards of a public blockchain is not a matter of secrecy. Finally, the publicly available protocol specifies exactly when a "halving" should take place. In the case of Litecoin, this means: all 840,000 blocks.
Until now, the Litecoin chain has been halved. On August 25, 2015, the first halving in litecoins took place. A few months earlier, the LTC had weathered a one – year downtrend. In the following months, Litecoin's course was one-sided: lateral.
After the legendary bull market of 2017, LTC was also affected by the general downward trend of the cryptography market in 2018. For the vast majority of crypto-currencies, Litecoin is up in 2019 up to the end of the year. ;now. The downward trend was permanently overcome in January.
Despite the similarity in price performance (shown here on the LTC / USD pair on Bitfinex using TradingView), the price of LTC after the second reward halved is not more accurate than the 2015 price after f. developed. The expectation of a price increase is also due to the previous Bitcoin. Some time before its halving in 2012 and 2015, everyone had a downward trend. The Bitcoin course was able to almost triple between 2012 and 2013 and between 2015 and 2016.
Cotecoin's co-founder, Charlie Lee, suggests that the predictions of a rise in Litecoin's course are self-fulfilling prophecies.
Shortly after the second Halving litecoin: the SLD course begins
Immediately after the halving, which took place around 12:15, Litecoin course looks good: at the time of going to press, the price in Litecoin is $ 102.7 – 12% more than the day before. The expectations of LTC buyers seem to have been confirmed for the moment.
Cryptocurrency # 1 also divides the rewards in pairs. In May 2020, the reward for Bitcoin Miner went from 12.5 to 6.25 BTC.
The halving is ahead of halving: The next halving of Litecoin Rewards is expected to take place in 1,458 days.
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