The Litecoin block halving is scheduled for block number 1,680,000 which is expected to be mined on August 5 2019. The block reward is set to be halved every 840,000 blocks and this is coded into the software from launch.
Many people believe that this should help the price rocket in the run up to the halving. However, other experienced players within the market actually believe that the value derived from the halving is actually already priced into the market.
The first block reward halving for Litecoin took place way back in 2015 at block 840,000 when the reward was cut from 50 LTC to 25 BTC. In the month before the halving was expected, Litecoin saw an epic price surge totalling 400% as it increased from around $1.70 to around $8.00. However, in the two months following the halving, the price of Litecion dumped by a total of 75%.
What do you think will happen to the price of LTC on August 5, 2019 and in the weeks following the block halving?
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