Litecoin Halving: LTC rate jumps over 100-US-Dollar-brand

now the miners will get from Litecoin 12.5 LTC for every mined Block. The Litecoin Halving was at noon of the 5. August carried out successfully. The Litecoin exchange rate responds with a strong jump and reach – at least for the time being – three-digit US-Dollar territory.

By Christopher clover
5. August 2019BTC$11.742,00 9.63%part Facebook Twitter LinkedIn xing mail

just in Time for the week, a prelude to a strong Bitcoin course is a fresh optimism in the crypto-market, which is also the Altcoins will benefit. For a Top 10 Coin, today's Monday, the 5 marks. August, however, a very special day. The speech is from the Bitcoin descendant of Litecoin, the second is due to halving of Mining Rewards. This means that miners of LTC will in the future receive, instead of the previous 25 LTC 12.5 LTC as a reward for Confirming transactions in the Litecoin network. Due to this shortage of Litecoin offer a lot of scene to be expected and evident in the short-or long-term gains for the Litecoin price.

The Litecoin price after the first Halving

Now, the halving of the Block Rewards in a public Blockchain is not a matter of secrecy. Finally, it is specified in the publicly viewable log exactly when to do a "Reward Halving" has. In the case of Litecoin, this means that all of 840,000 blocks.

so Far, Litecoin has gone through the Blockchain, only a halving of the Block rewards. 25. August 2015 was the first Litecoin Reward Halving. A few months earlier, the LTC had to overcome in the course of a year-long downward trend. In the following months, it was time for the Litecoin exchange rate is mainly in one direction: sideways.

After the legendary bull market in 2017, 2018, LTC has been recognized by the General downward spiral in the crypto-market. As for the vast majority of crypto-currencies, it's also for Litecoin in the year 2019 so far is on the up again. The downward trend was overcome in January in a sustainable way.

Despite the Similarity in the Course (here at the value pair LTC/USD on Bitfinex using trading view shown), however, is carved not in the glass ball that the LTC course developed in the aftermath of the second Reward halving analogous to 2015 et seq. The expectation of a rate increase also stems from the precedent of Bitcoin. Some time before the Halving was broken in 2012 and 2015 respectively, a downward trend. Almost tripled the price of Bitcoin between 2012 and 2013, as well as between 2015 and 2016 have been able to triple up.

Litecoin-founder Charlie Lee under the expectations of an increase of the rate of Litecoin, however, the character of a self-fulfilling prophecy.

Shortly after the second Litecoin Halving: LTC course starts with

Immediately after the halving that occurred around 12:15 p.m., it looks for the Litecoin exchange rate is good: at time of writing, the Litecoin price at the time of 102,7 US Dollar – scarce 12 percent higher than the previous day. The expectations of the LTC bulls seem to have, so for the time being confirmed.

Also in the crypto-currency, no. 1, a halving of the Block rewards is. In may 2020, the reward for Bitcoin Miner falls from 12.5 to 6.25 BTC.

Before the Halving is after Halving The next halving of the Litecoin Rewards is expected to take place in 1.458 days.

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