The Litecoin halving event has been completed with block rewards now halved at 6.25 Litecoin per block.
On Aug. 2, the Litecoin blockchain went through its automated halving procedure at block 2,520,000. LTC miners are now getting half the rewards and the clock has been reset for the next halving in roughly four years’ time.
Happy halving day @litecoin! Let's compare some key metrics to the last halving in 2019. What do you notice👀?#LITECOINHALVING #LTC #Litecoin pic.twitter.com/V9wneIZkRS
— IntoTheBlock (@intotheblock) August 2, 2023
Litecoin founder Charlie Lee commented on the discrepancies between the different halving countdown timers, suggesting that the NiceHash one was the most accurate. However, all of them agreed on an Aug. 2 date.
Moreover, prices have been down trending since early July when they topped $110 for the first time since April 2022. The silver to Bitcoin’s gold is currently hovering around the $92 level where it was this time a fortnight ago.
