Post
Topic
Board Altcoin Discussion
Re: Is the upcoming LTC halving a market mirage?
by
wheelz1200
on 20/07/2023, 21:11:21 UTC
Ltc halving is knocking at the doorstep.
During this event, the block reward for mining will be cut in half, from 12.5 to 6.25 LTC. Some people are wondering if the halving is as significant as it's made out to be. It happens every 4 years and is meant to maintain Litecoin's value and attract more investors.

There are differing opinions on its impact. Some believe that the reduced supply will make Litecoin more valuable and lead to a price increase, while others think that the high demand for Litecoin might minimize the halving's effect. In the past, Litecoin experienced substantial price rallies before previous halvings. What are your thoughts on how the halving will affect Litecoin this year?"

I mean yeah I guess it will lower the available block rewards miners can sell, lowering available daily supply but it really doesn't mean much.  Just like with everything else.  It all waits until bitcoin starts blasting off.  That is the real catalyst for litecoin and every other altcoin.  It might have just been a coincidence in the past that it occurred during a bitcoin rally.