What is Litecoin Halving?

Litecoin Halving is the event where the number of generated Litecoin rewards per block will be halved (divided by 2).

The total number of Litecoin mined by miners per block will reduce from 12.5 to 6.25 LTC in the next litecoin halving.

The number of litecoin found per block will become more scarce and this halving reward ensures that litecoin total supply will reach 84 million.