Today, on August 5, the halving of the award for the Litecoin block mined by miners took place.

Halving occurred on block 1 680 000, changing the reward for the block from 25 LTC to 12.5 LTC. The next halving will take place in four years — approximately on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making “digital silver” even more scarce.

According to litecoinblockhalf, 75% of Litecoin’s total supply has been extracted so far. The current inflation rate of the coin is 4.26%, and after four years it should fall to 1.80%. Many investors were confident that the market had long overcame positive expectations due to a decrease in cryptocurrency emissions and were expecting either a sideways price movement or an LTC depreciation. Nevertheless, amid a surge in trading volumes, the coin was dumped by more than 10%, breaking the $ 100 milestone:

This may indicate an optimistic attitude of investors, who are confident that, despite the ineffective miners, the network will continue its stable operation, as well as in the long-term prospects of this popular coin. Currently, the weighted average rate of LTC is at $ 102, the market capitalization of cryptocurrency is $ 6.2 billion.

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