In approximately 70 days from now, the long-awaited Litecoin halving is taking place. The last event occurred in August 2015.
To break it down, the halving means that the number of Litecoin mined per block (the reward) will be cut in half from 25 down to 12.5.
What does this mean? Well, if you are a miner, then it means your reward amount will go down significantly for the same amount of work performed.
If you are a HODLer, then you can expect some pretty crazy volatility during this season. Myself personally, I just purchased some LTC because the price is a steal compared to the most recent ATH.
Right now we are seeing the lowest prices in crypto history because in 5-10 years, a $100 Litecoin will be a dream. (Not financial advice just my personal opinion)
In related news, the Bitcoin halving event is expected to take place around May 2020. To view a real-time countdown, visit CoinGecko.com.