The highly anticipated Litecoin halving is scheduled to occur on August 2, 2023. At that time, the block reward will be reduced from 6.25 LTC to 3.125 LTC.
The halving is a programmed event in the Litecoin protocol that reduces the reward for mining new blocks by half. This is done every 4 years, and it is intended to help maintain the value of Litecoin and make it a more attractive investment.
However, there is some debate about whether the halving will actually have a significant impact on the price of Litecoin. Some believe that it will lead to a price increase, as the reduced supply will make Litecoin more valuable. Others believe that the halving will have little impact, as the demand for Litecoin is already high.
In 2015, Litecoin rallied +520% before its 2015 Halving.
In 2019, $LTC rallied +545% before its 2019 Halving.
What do you think the impact of the halving will be this year?