Litecoin (LTC)<\/strong><\/a> is a peer-to-peer crypto asset that is basically <strong>a “lighter” version of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin. Since it was developed based on Bitcoin, it has many features exclusive to BTC. However, it has much faster transaction speeds, a different market cap, a different hashing algorithm, lower transaction fees, and so on. Take a look at the Litecoin price chart placed above to see the current LTC price.<\/p>\n<p>Litecoin crypto project is open-source. It was developed using <strong>the MIT\/X11 license<\/strong> which enables you to use, alter, and duplicate the software, as well as to distribute altered copies of the software at your discretion.<\/p>\n<p>Compared to Bitcoin, the Litecoin blockchain can process <strong>a higher volume of transactions.<\/strong> The network can support more transactions without having to change the software in the future because blocks are generated more frequently. Overall, since it provides users with fast and low-cost transactions, it’s great for making <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-microtransaction/">micro-transactions./nThe Story of Litecoin<\/h2>\n<p>Litecoin crypto project was developed by <strong>Charlie Lee <\/strong>(often known as Chocoboco) in October 2011. Computer scientist and pioneering Bitcoin miner Charlie Lee previously worked as a software developer for Google. Besides that, from 2015 to 2017, Lee was a director of engineering at Coinbase.<\/p>\n<p>Now, together with Xinxi Wang, Alan Austin, and Zing Yang, Charlie Lee manages <strong>the Litecoin Foundation. <\/strong>In order to improve Litecoin, the Foundation collaborates with the Litecoin Core Development team.<\/p>\n<h2>Litecoin Mining<\/h2>\n<p>Essentially, Litecoin was developed in order to <strong>prevent mining from being monopolized<\/strong> by businesses with extensive mining capacity. The short intervals between mining blocks allow more miners to mine blocks and collect mining rewards.<\/p>\n<p>The biggest difference between Litecoin and Bitcoin is that <strong>Litecoin employs the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-scrypt/">Scrypt algorithm<\/strong> <strong>instead of Bitcoin's <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-sha-256/">SHA-256 for mining.<\/strong> Since Scrypt relies mostly on quick calculation, it enables the use of specialized hardware to achieve large hash rates.<\/p>\n<p>Colin Percival developed the Scrypt algorithm as a password-based key generation function, and it was then adopted for Litecoin mining after some of its settings were adjusted. Litecoin crypto project was the first to use the Scrypt algorithm but some other projects employed it later as well.<\/p>\n<p>However, Scrypt is still a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-proof-of-work-pow/">Proof-of-Work (PoW)<\/strong><\/a> algorithm but, rather than focusing on pure CPU power (like SHA-256 does), it focuses on memory. This means that, essentially, Litecoin uses the PoW mechanism but is able to <strong>access enormous amounts of memory rather than just the processing power of the CPU or GPU.<\/strong><\/p>\n<p>Litecoin transaction confirmation is fast and error-free thanks to the usage of the PoW consensus mechanism. Numerous attacks, including <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-double-spending/">Double Spending<\/strong><\/a> attempts, are prevented using the durability of the Litecoin mining network.<\/p>\n<p>Overall, <strong>efficiency and affordability<\/strong> are two of Litecoin's main features. Litecoin usually takes under a minute to confirm transactions, and its transaction fees are incredibly small. It is a great substitute for Bitcoin in countries where transaction costs may be a deciding factor in choosing which crypto asset to endorse.<\/p>\n<p><em>Again, if you’re interested in the current LTC price, check out the Litecoin price chart above.<\/em><\/p>\n<h2>Use Cases of Litecoin Tokens<\/h2>\n<p><strong>Essentially, LTC coins are used for making various payments. <\/strong>There’s even a Litecoin VISA card. It allows users to utilize Litecoin tokens to make purchases anywhere that VISA cards are accepted, which is pretty much everywhere.<\/p>\n<p>Besides that, Litecoin tokens <strong>can be used on a huge variety of dApps<\/strong>. You can use LTC tokens for in-store and online purchases. Talking about dApps, there’s one called <strong>SPEDN<\/strong> which allows users to spend Litecoin tokens without the need to exchange them for USD or use the aforementioned Litecoin card. It allows you to spend LTC tokens simply using your phone wherever Flexa is accepted.<\/p>\n<p>Lastly, another way you can use LTC coins is to<strong> purchase gift cards<\/strong> <strong>on BitPay, eGifter, and other similar platforms.<\/strong> These platforms offer a huge variety of shopping gift cards from various retailers including Apple, Uber, Target, and so on.<\/p>\n<h2>Tokenomics of Litecoin<\/h2>\n<p>The maximum supply of Litecoin is 84 million tokens. Even though over 72 million tokens are already mined (as of May 2023), it’s estimated that Litecoin will reach its max supply only around 2140 (just like it’s estimated for Bitcoin).<\/p>\n<p>It might seem that there’s no way that it will take that long to mine additional 12 million tokens, however, <strong>Litecoin employs Bitcoin’s <\/strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-halving/">halving method<\/strong><\/a>. Thus, roughly every four years, the amount of LTC tokens mined per block drops by half. The <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//halving//litecoin-halving/">next Litecoin halving<\/strong><\/a> is estimated to happen on August 2023. This time, Litecoin block rewards will get <strong>reduced from 12.5 LTC to 6.25 LTC<\/strong>.<\/p>\n<p>Initially, around 500,000 LTC tokens were pre-mined on the first day of the LTC Genesis Block release. <strong>The first miners included Charlie Lee and other early Litecoin developers.<\/strong> However, they did not directly profit from Litecoin, they could only generate income through regular mining.<\/p>\n<p>The initial Litecoin price was $0.30 when it was listed on a few crypto markets in 2011. Though after a few years, it grew tremendously during a massive <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-bull-run/">bull run<\/strong><\/a>. From $0.30 it went to $44.73. Unfortunately, a year later, the Litecoin price crashed due to the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-bear-market/">bear market<\/strong><\/a> and <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-mt-gox/">Mt. Gox hack<\/strong><\/a> leaving it at $2 to $4. After staying like that for a couple of years, the LTC price increased again in 2017 reaching $358.34. Later on, though, it collapsed once more. See the current LTC price above.<\/p>\n<h2>Mimblewimble Upgrade<\/h2>\n<p>The MimbleWimble (MW) testnet, which was utilized to test Mimblewimble-based private transactions, was released in late 2020. It was used to find a way to <strong>enhance the privacy and fungibility of Litecoin transactions.<\/strong> After a few years, on May 19, 2022, the long-awaited Mimblewimble Extension Block (MWEB) upgrade was made public, as a part of the Litecoin Core 0.21.2 release.<\/p>\n<p><strong>MimbleWimble is a privacy-focused decentralized protocol<\/strong>. The name of the protocol was inspired by a tongue-tying curse from the Harry Potter books. Its confidentiality feature allows users to hide transaction data. Though, at the same time, it lays the groundwork for other blockchains to increase the usability of Litecoin tokens.<\/p>\n<p>However, due to the Mimblewimble upgrade, <strong>several South Korean exchanges delisted Litecoin<\/strong> right after it was released (including Bithumb, Upbit, and Korbit). This happened because of the amount of privacy and anonymity Litecoin now offers to users, which makes it impossible to adhere to the Act on the Reporting and Use of Specific Financial Transaction Information regulation used in South Korea.<\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/litecoin-ltc-price","crypto_currency_info":{"id":2,"crypto_currency_id":61,"description":"Litecoin (LTC) is a cryptocurrency . Users are able to generate LTC through the process of mining. Litecoin has a current supply of 84,000,000 with 69,920,993.77791464 in circulation. The last known price of Litecoin is 126.26236797 USD and is up 3.25 over the last 24 hours. It is currently trading on 752 active market(s) with $982,657,289.95 traded over the last 24 hours. More information can be found at https:\/\/litecoin.org\/.","tags":"[\"mineable\",\"pow\",\"scrypt\",\"medium-of-exchange\",\"binance-chain\",\"bnb-chain\"]","platform":null,"category":"coin","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/2.png","original_links":"{\"website\":[\"https:\\\/\\\/litecoin.org\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/LitecoinProject\"],\"message_board\":[\"https:\\\/\\\/litecointalk.io\\\/\",\"https:\\\/\\\/litecoin-foundation.org\\\/\"],\"chat\":[\"https:\\\/\\\/telegram.me\\\/litecoin\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/blockchair.com\\\/litecoin\",\"https:\\\/\\\/chainz.cryptoid.info\\\/ltc\\\/\",\"http:\\\/\\\/explorer.litecoin.net\\\/chain\\\/Litecoin\",\"https:\\\/\\\/ltc.tokenview.com\\\/en\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x4338665cbb7b2485a8855a139b75d5e34ab0db94\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\"],\"technical_doc\":[],\"source_code\":[\"https:\\\/\\\/github.com\\\/litecoin-project\\\/litecoin\"],\"announcement\":[\"https:\\\/\\\/bitcointalk.org\\\/index.php?topic=47417.0\"]}","links":"{\"website\":{\"litecoin.org\":\"https:\\\/\\\/litecoin.org\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/LitecoinProject\",\"litecointalk.io\":\"https:\\\/\\\/litecointalk.io\\\/\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\"},\"explorer\":{\"blockchair.com\":\"https:\\\/\\\/blockchair.com\\\/litecoin\",\"chainz.cryptoid.info\":\"https:\\\/\\\/chainz.cryptoid.info\\\/ltc\\\/\",\"explorer.litecoin.net\":\"http:\\\/\\\/explorer.litecoin.net\\\/chain\\\/Litecoin\",\"ltc.tokenview.com\":\"https:\\\/\\\/ltc.tokenview.com\\\/en\",\"bscscan.com\":\"https:\\\/\\\/bscscan.com\\\/token\\\/0x4338665cbb7b2485a8855a139b75d5e34ab0db94\"},\"source_code\":\"https:\\\/\\\/github.com\\\/litecoin-project\\\/litecoin\"}","data":"{\"id\":2,\"name\":\"Litecoin\",\"symbol\":\"LTC\",\"category\":\"coin\",\"description\":\"Litecoin (LTC) is a cryptocurrency . Users are able to generate LTC through the process of mining. Litecoin has a current supply of 84,000,000 with 69,920,993.77791464 in circulation. The last known price of Litecoin is 126.26236797 USD and is up 3.25 over the last 24 hours. It is currently trading on 752 active market(s) with $982,657,289.95 traded over the last 24 hours. More information can be found at https:\\\/\\\/litecoin.org\\\/.\",\"slug\":\"litecoin\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/2.png\",\"subreddit\":\"litecoin\",\"notice\":\"\",\"tags\":[\"mineable\",\"pow\",\"scrypt\",\"medium-of-exchange\",\"binance-chain\",\"bnb-chain\"],\"tag-names\":[\"Mineable\",\"PoW\",\"Scrypt\",\"Medium of Exchange\",\"Binance Chain\",\"BNB Chain\"],\"tag-groups\":[\"OTHERS\",\"ALGORITHM\",\"ALGORITHM\",\"INDUSTRY\",\"PLATFORM\",\"PLATFORM\"],\"urls\":{\"website\":[\"https:\\\/\\\/litecoin.org\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/LitecoinProject\"],\"message_board\":[\"https:\\\/\\\/litecointalk.io\\\/\",\"https:\\\/\\\/litecoin-foundation.org\\\/\"],\"chat\":[\"https:\\\/\\\/telegram.me\\\/litecoin\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/blockchair.com\\\/litecoin\",\"https:\\\/\\\/chainz.cryptoid.info\\\/ltc\\\/\",\"http:\\\/\\\/explorer.litecoin.net\\\/chain\\\/Litecoin\",\"https:\\\/\\\/ltc.tokenview.com\\\/en\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x4338665cbb7b2485a8855a139b75d5e34ab0db94\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\"],\"technical_doc\":[],\"source_code\":[\"https:\\\/\\\/github.com\\\/litecoin-project\\\/litecoin\"],\"announcement\":[\"https:\\\/\\\/bitcointalk.org\\\/index.php?topic=47417.0\"]},\"platform\":null,\"date_added\":\"2013-04-28T00:00:00.000Z\",\"twitter_username\":\"LitecoinProject\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0xecb56cf772b5c9a6907fb7d32387da2fcbfb63b4\",\"platform\":{\"name\":\"HECO\",\"coin\":{\"id\":\"2502\",\"name\":\"Huobi Token\",\"symbol\":\"HT\",\"slug\":\"huobi-token\"}}},{\"contract_address\":\"0x4338665cbb7b2485a8855a139b75d5e34ab0db94\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}}],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:16.000000Z","updated_at":"2023-05-18T14:34:11.000000Z"},"crypto_currency_social":{"id":61,"crypto_currency_id":61,"twitter":"{\"name\":\"Litecoin Project\",\"username\":\"@LitecoinProject\",\"follower_count\":42785,\"following_count\":0,\"tweet_count\":145,\"created_at\":\"2013-04-30 00:00:00\"}","reddit":"{\"subscribers\":356066,\"description\":\"For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin. Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining.\",\"created_at\":\"2011-10-14 00:00:00\",\"subreddit_type\":\"public\",\"subreddit_name\":\"r\\\/litecoin\",\"moderators\":13,\"hot\":[{\"title\":\"Litecoin Core v0.21.2.2 released! All users are advised to upgrade.\",\"author\":\"losh11\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/11fwziu\\\/litecoin_core_v02122_released_all_users_are\\\/\",\"created_at\":\"2023-03-02 08:00:48\",\"icons\":[]},{\"title\":\"Mimblewimble Progress Update Thread - April\",\"author\":\"CBDoctor\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13fcllr\\\/mimblewimble_progress_update_thread_april\\\/\",\"created_at\":\"2023-05-12 06:09:50\",\"icons\":[]},{\"title\":\"LTC going strong\",\"author\":\"verytireddog\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13o7cp0\\\/ltc_going_strong\\\/\",\"created_at\":\"2023-05-21 21:46:17\",\"icons\":[]},{\"title\":\"With the recent craze on ordinals, what is the difference between LTC-20 and OmniLite?\",\"author\":\"cute-tortoise\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13nvyhj\\\/with_the_recent_craze_on_ordinals_what_is_the\\\/\",\"created_at\":\"2023-05-21 14:06:17\",\"icons\":[]},{\"title\":\"Can't access my LTC\",\"author\":\"Wise-While-4199\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13nxh2e\\\/cant_access_my_ltc\\\/\",\"created_at\":\"2023-05-21 15:10:45\",\"icons\":[]},{\"title\":\"Interested in #Ordinals #NFTs on #Litecoin?\",\"author\":\"indigo_nakamoto\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13nmu34\\\/interested_in_ordinals_nfts_on_litecoin\\\/\",\"created_at\":\"2023-05-21 08:04:24\",\"icons\":[]},{\"title\":\"Bitcoin\\u2019s Ordinals Protocol Creates Ripple Effect On Litecoin And Dogecoin\",\"author\":\"messi_bucu\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13ngghm\\\/bitcoins_ordinals_protocol_creates_ripple_effect\\\/\",\"created_at\":\"2023-05-21 02:33:02\",\"icons\":[]},{\"title\":\"Looking for LTC Wallet Tracking Service\",\"author\":\"catalina-ponor\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13n6ae4\\\/looking_for_ltc_wallet_tracking_service\\\/\",\"created_at\":\"2023-05-20 20:11:36\",\"icons\":[]},{\"title\":\"Help needed! Coins gone, how to restore with backup wallet.dat\",\"author\":\"doublekassu\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13mrrda\\\/help_needed_coins_gone_how_to_restore_with_backup\\\/\",\"created_at\":\"2023-05-20 13:15:23\",\"icons\":[]},{\"title\":\"What is providing security for MWEB?\",\"author\":\"0010011001101\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13mcpa7\\\/what_is_providing_security_for_mweb\\\/\",\"created_at\":\"2023-05-20 00:26:02\",\"icons\":[]},{\"title\":\"Is there anyone here who is knowledgeable in litecoin Core Node software, and MWEB addresses?\",\"author\":\"KMan471\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13lqnn1\\\/is_there_anyone_here_who_is_knowledgeable_in\\\/\",\"created_at\":\"2023-05-19 09:41:15\",\"icons\":[]},{\"title\":\"Unable to interact with litecoin node using bitcore library, when we try to hit from postan\",\"author\":\"samirjumade\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13ln1qj\\\/unable_to_interact_with_litecoin_node_using\\\/\",\"created_at\":\"2023-05-19 06:23:51\",\"icons\":[]},{\"title\":\"\\\"#Litecoin is like a ball under water, it will always shoot up!\\\" \\u270d\\ufe0f Litecoin Diary 44\",\"author\":\"biti_artist\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13ld0bt\\\/litecoin_is_like_a_ball_under_water_it_will\\\/\",\"created_at\":\"2023-05-18 22:31:02\",\"icons\":[]},{\"title\":\"Why arent we useing mweb more?\",\"author\":\"za_badwolf\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13kps5s\\\/why_arent_we_useing_mweb_more\\\/\",\"created_at\":\"2023-05-18 05:43:44\",\"icons\":[]},{\"title\":\"new banner (thanks \\\/r\\\/litecoinmarkets)\",\"author\":\"Litecoin_Messiah\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13ir22u\\\/new_banner_thanks_rlitecoinmarkets\\\/\",\"created_at\":\"2023-05-16 01:28:59\",\"icons\":[]},{\"title\":\"i want to implemant this transfer https:\\\/\\\/domo-2.gitbook.io\\\/brc-20-experiment\\\/ function but i don't understand when the utxo is spent for a valid transfer\",\"author\":\"Yakuza-Sama-007\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13hqbyd\\\/i_want_to_implemant_this_transfer\\\/\",\"created_at\":\"2023-05-14 23:05:53\",\"icons\":[]},{\"title\":\"Do LTC MWEB transaction fees go up proportionally to regular transaction fees?\",\"author\":\"0010011001101\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13h81r0\\\/do_ltc_mweb_transaction_fees_go_up_proportionally\\\/\",\"created_at\":\"2023-05-14 09:51:20\",\"icons\":[]},{\"title\":\"CoinCurrently: Better news\",\"author\":\"barcode972\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13h5x37\\\/coincurrently_better_news\\\/\",\"created_at\":\"2023-05-14 07:44:21\",\"icons\":[]},{\"title\":\"Why litecoin developer don't join the Litecoin Ordinal LTC20 Hype ?\",\"author\":\"Yakuza-Sama-007\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13gocid\\\/why_litecoin_developer_dont_join_the_litecoin\\\/\",\"created_at\":\"2023-05-13 18:03:08\",\"icons\":[]},{\"title\":\"Litecoin Transactions Hit Record Highs Ahead of Halving Event\",\"author\":\"azcoinnews\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13g2ync\\\/litecoin_transactions_hit_record_highs_ahead_of\\\/\",\"created_at\":\"2023-05-13 01:09:43\",\"icons\":[]},{\"title\":\"I\\u2019m seeing 3% fees when cashing out a larger BTC balance to cash on coinbase. Could I just convert to litecoin and then cash out for a lower fee?\",\"author\":\"dhammm\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13g32rd\\\/im_seeing_3_fees_when_cashing_out_a_larger_btc\\\/\",\"created_at\":\"2023-05-13 01:14:50\",\"icons\":[]},{\"title\":\"Our new Litecoin Blockchain Nodes explorer !\",\"author\":\"Technologov\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13fzu2q\\\/our_new_litecoin_blockchain_nodes_explorer\\\/\",\"created_at\":\"2023-05-12 22:56:31\",\"icons\":[]},{\"title\":\"Is Litecoin Secretly Benefiting from the Bitcoin Congestion? Data Says YES\",\"author\":\"wmredditor\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13fx8vi\\\/is_litecoin_secretly_benefiting_from_the_bitcoin\\\/\",\"created_at\":\"2023-05-12 21:11:41\",\"icons\":[]},{\"title\":\"Unlocking the Potential: How Litecoin's v24 Upgrade Could Pave the Way for a DEX on Litecoin\",\"author\":\"litecoin-master\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13fogux\\\/unlocking_the_potential_how_litecoins_v24_upgrade\\\/\",\"created_at\":\"2023-05-12 15:35:48\",\"icons\":[]},{\"title\":\"Quantex Launches LTC Friendly Crypto Exchange to Solve Exchange Collapses Post FTX\",\"author\":\"CryptiSwap\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13ey65h\\\/quantex_launches_ltc_friendly_crypto_exchange_to\\\/\",\"created_at\":\"2023-05-11 19:58:55\",\"icons\":[]},{\"title\":\"Litecoin fees are decreasing as transaction count increases\",\"author\":\"memreleek\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/litecoin\\\/comments\\\/13et4kq\\\/litecoin_fees_are_decreasing_as_transaction_count\\\/\",\"created_at\":\"2023-05-11 17:01:39\",\"icons\":[]}]}","github":"{\"stars\":4178,\"watchers\":508,\"forks\":3042,\"language\":\"C++\",\"license\":\"MIT License\",\"repo_name\":\"litecoin-project\\\/litecoin\",\"repo_link\":\"https:\\\/\\\/github.com\\\/litecoin-project\\\/litecoin\",\"public_repos\":28,\"bio\":null,\"type\":\"Organization\",\"username\":\"litecoin-project\",\"user_link\":\"https:\\\/\\\/github.com\\\/litecoin-project\",\"created_at\":\"2012-06-13 00:00:00\"}","telegram":null,"domain":"{\"domain_rating\":80,\"ahrefs_top\":12758,\"traffic\":10361.484872643567,\"website\":\"https:\\\/\\\/litecoin.org\"}"},"buy_page":{"id":5,"crypto_currency_id":61,"button_link":"https:\/\/www.bitdegree.org\/crypto\/goon\/binance-buy-crypto","slug":"litecoin-ltc","created_at":"2020-12-29T08:37:49.000000Z","updated_at":"2023-02-24T10:14:17.000000Z","content":null,"middle_cta_text":"Now, if you\u2019re looking to buy Litecoin with credit card, you should know that this is often considered to be one of the best ways of going about it! Buying LTC with fiat money is a very fast, smooth, and worry-free method of acquiring some of your favorite crypto coins! You don\u2019t need any prior knowledge about the field in question, and there\u2019s no need to be an experienced trader, either - all that you need is a credit or debit card, or even a bank account, and that\u2019s it!","intro_text":"If you\u2019re questioning \u201cwhy buy Litecoin with credit card?\u201d, you should know that people purchase LTC and other, similar cryptocurrencies either because they support the technology behind it, or because they are looking for a viable crypto investment opportunity.","reason_titles":["Very Fast Transaction Speeds","A Very Liquid Cryptocurrency","A Substitute for Bitcoin","One of the Most-Supported Cryptocurrencies","What Can Litecoin & Similar Altcoins Be Used For?"],"reason_texts":["One of the main benefits of Litecoin is the fact that it offers <strong>very fast transaction speeds<\/strong>. Namely, anyone who\u2019s looking to buy LTC with debit card instantly should know that Litecoin offers up to four times faster transaction speeds than those of Bitcoin. <em>That\u2019s significant!<\/em>","<strong>Liquidity<\/strong> is an important aspect of any cryptocurrency out there. If a crypto coin is liquid, you can be sure that its price will fluctuate, since people are constantly <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">trading and exchanging it<\/a>. Thus, buying Litecoin with a credit card can prove to be <strong>a viable investment<\/strong>, either short- or long-term!","Many people who are looking to buy Litecoin with credit card instantly are doing so in order to find a great substitute for Bitcoin. LTC is <a href=https://www.bitdegree.org/"//crypto//best-altcoins/">one of the original altcoins<\/a>, since it\u2019s based almost entirely on Bitcoin\u2019s model, except for the fact that <strong>many of the features are significantly improved<\/strong>. If you\u2019re a fan of Bitcoin, Litecoin should definitely be on your radar!","<strong>Community support<\/strong> is very important for any and <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency/">all cryptocurrencies on the market<\/a> - it can be the core aspect that decides whether the crypto coin is going to \u201c<em>make it<\/em>\u201d or not! Anyone looking to buy Litecoin with debit card instantly should keep in mind the fact that <strong>Litecoin has some very significant support from its community<\/strong> - most crypto enthusiasts are very positive concerning the coin in question!","Litecoin is, primarily, <strong>a digital currency<\/strong>. What this means is that people who are looking to buy LTC with a debit card are doing so in order to spend the crypto coins as they see fit, for some products and \/ or services. In other words, Litecoin serves the same purpose as many other similar cryptocurrencies on the market."],"benefits_texts":["One of the main reasons why people buy Litecoin with credit card instantly is in order to <strong>trade this particular cryptocurrency for some other coin or token<\/strong>. Since Litecoin is a super-popular coin, it tends to have many different trading pairs - some of these pairs may be quite advantageous for anyone who\u2019s looking to make a profit! Follow the market, find <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">a reliable cryptocurrency exchange<\/a> & <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-wallet/">a top-tier wallet<\/a>, and trade your Litecoins to your heart\u2019s content!","After you buy LTC with a debit card, one of your main priorities should be to find <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-wallet/">a reliable and secure cryptocurrency wallet<\/a> to store your newly-acquired cryptos in. Such wallets are actually pretty easy to come by, if you know where to look - naturally, I\u2019m talking about <strong>hardware crypto storage devices<\/strong>! If you invest in a reliable cold storage device, you can be sure that your LTC will remain safe far away from the prying eyes of potential hackers!","When talking about Litecoin and the main purposes of this particular crypto coin, we\u2019ve already mentioned the fact that, primarily, LTC is a digital currency. In other words, <strong>it\u2019s something that you\u2019re incentivized to spend<\/strong> - that might be a big reason why you could buy Litecoin with a debit card, in the first place! Being an LTC owner, you can then spend your coins on all of the supported products and services, no problem - <em>and remain anonymous while doing so!<\/em>","As pointed out a few times already, Litecoin offers its users transaction speeds that are up to <strong>four times faster than Bitcoin\u2019s<\/strong>. Naturally, when you add the facts that LTC is also scalable and offers vastly more storage than the aforementioned crypto giant, it becomes an attractive coin to look into! That said, you may also want to buy Litecoin with debit card instantly, and then send it to some other person on the other side of the world - <em>you can do so, no problem!<\/em>","If you\u2019ve spent any time among the many cryptocurrency communities that are out there, you\u2019re probably aware that the most popular reason why people buy LTC with debit card instantly is so that they could hold it for some time, and then <strong>sell it later on, with the hopes of making a profit<\/strong>. If you\u2019re also interested in investing in Litecoin, and are certain that the technology behind it will hold up to the test of time, consider buying Litecoin with a credit or debit card, too!","While the technology behind Litecoin may be similar to Bitcoin, one of the best things that you can do after you buy Litecoin with a credit card is taking the time to learn more about the coins that you\u2019ve just acquired. Once you become more knowledgeable about topics surrounding crypto, you\u2019ll be able to understand Litecoin\u2019s place a lot better, too, and can then <strong>share your knowledge with your peers<\/strong>. Check out <a href=https://www.bitdegree.org/"//crypto//tutorials/">our guides<\/a> to learn about Litecoin and other cryptos!"],"faq_questions":["What is Litecoin?","How does Litecoin differ from other cryptocurrencies?","What are the main features of Litecoin?","What can Litecoin be used for?","Is Litecoin worth buying?","What is the best way to buy Litecoin?"],"faq_answers":["<a href=https://www.bitdegree.org/"//crypto//what-is-litecoin/">Litecoin is primarily <strong>a digital currency<\/strong> that’s used for transactional purposes - you can purchase specific assets, products, and services for LTC. Litecoin prides itself on being <strong>a better and faster alternative to <a href=https://www.bitdegree.org/"//crypto//how-does-bitcoin-work/">Bitcoin, while still performing all of the essential functions of BTC.","Litecoin is, for a fact, <em>relatively similar<\/em> to <a href=https://www.bitdegree.org/"//crypto//best-altcoins/">most other altcoins<\/strong><\/a> that derive their purpose from Bitcoin. That being said, anyone who’s looking to buy LTC with debit card should know that this particular cryptocurrency does have <em>some unique advantages<\/em>! The main one would have to be the fact that <strong>its transaction speeds are much faster than those of BTC<\/strong>.","The main features that Litecoin has revolve around <strong>transaction speed and industry adoption<\/strong>. For starters, the cryptocurrency is <strong>a great asset for transactions<\/strong> - it’s <strong>four times faster than Bitcoin<\/strong>, so your transactions should take <em>around 2-3 minutes<\/em>, <em>tops<\/em>. Also, there are <strong>many people<\/strong> who are looking to buy Litecoin with debit card instantly - this only goes to show how popular the crypto is, and what great liquidity it actually has.","The main purpose of Litecoin is to be used in <strong>online transactions<\/strong>. Meaning, if you were to buy LTC with a credit card or via any other method, you would be able to then spend your coins <strong>for certain specific purchases<\/strong> that you’d make online. There are <strong>many vendors<\/strong> that do accept LTC - <em>all it takes is a bit of research!<\/em>","Since you’re looking to buy Litecoin with a debit card (<em>or simply - with fiat money<\/em>), you probably know that this crypto coin is <strong>very popular<\/strong>, and thus, is also considered to be worth purchasing by many crypto enthusiasts out there. <em>It definitely has a lot of perks that you could look into!<\/em>","Undoubtedly, the best way to buy LTC is <strong>by using a credit or debit card<\/strong>, <strong>or even a wire transfer<\/strong>. These methods guarantee that your Litecoin buying process is going to be <strong>fast<\/strong>, <strong>simple<\/strong>, <strong>and secure<\/strong>. All you need to do is find <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">a reliable exchange<\/strong><\/a>, pass all of the required <strong>KYC verifications<\/strong>, and grab all the LTC that you need!"],"status":"published","link":"https:\/\/www.bitdegree.org\/crypto\/buy-litecoin-ltc"},"halving_page":{"id":2,"crypto_currency_id":61,"title":null,"subtitle":null,"slug":"litecoin-halving","api_slug":"litecoin","content":"<p><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-litecoin-ltc/" target=\"_blank\" rel=\"noopener\"><strong>Litecoin<\/strong><\/a> is one of the most popular cryptocurrencies on the market, as well as among the oldest assets in the space. Same as its “big brother,” <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/" target=\"_blank\" rel=\"noopener\"><strong>Bitcoin<\/strong><\/a>, Litecoin comes equipped with a mechanism called “<strong>halving<\/strong>”. If you’re curious about Litecoin halving dates, how this process works, and how it affects the general crypto industry, you’ve come to the right place!<\/p>\r\n<h2>When is the Next Litecoin Halving?<\/h2>\r\n<p>The next Litecoin halving date is expected to be <strong>August 4th, 2023<\/strong>. This date can differ, however, depending on a few different factors. To see the exact point in time when the next LTC halving will occur, <strong>take a look at the countdown above<\/strong>.<\/p>\r\n<h2>When Will the Last Litecoin Halving Happen?<\/h2>\r\n<p>At this point in time, it’s not yet clear when the last Litecoin halving will occur. However, judging by the numbers, it’s going to happen many years in the future - <strong>the current estimation is the year 2142.<\/strong><\/p>\r\n<h2>What is the Litecoin Halving History?<\/h2>\r\n<p>Litecoin has had <strong>two halving events<\/strong> already - one in <strong>2015<\/strong> and another in <strong>2019<\/strong>. In turn, while the block mining rewards were <strong>50 LTC in 2011<\/strong> when Litecoin was created, they are currently <strong>12.5 LTC per block<\/strong>, and after the 2023 LTC halving, they’ll be <strong>6.25 LTC<\/strong>.<\/p>\r\n<h2>What is Litecoin Halving?<\/h2>\r\n<p>Now, let’s get the definitions out of the way first.<\/p>\r\n<p><strong>Litecoin halving<\/strong> is an event when the LTC mining rewards get cut in half. Simple, right?<\/p>\r\n<p>On a more serious note - while it may sound pretty simple at first, there’s actually a lot of background and weight that follows that definition. And, in order to fully understand the significance of LTC halving dates, we need to take a step back and look at the technology side of Litecoin first.<\/p>\r\n<h3>Litecoin’s History & Proof-of-Work<\/h3>\r\n<p>As I’ve mentioned earlier, <strong>Litecoin was created in 2011<\/strong>. The purpose of this crypto project is actually very straightforward - <strong>to improve on the technology of Bitcoin<\/strong> in every way possible.<\/p>\r\n<p>The (arguably) biggest improvement, and the one that’s most relevant to our Litecoin halving discussion, is <strong>the transaction speed<\/strong>. Specifically, <strong>Litecoin offers transaction speeds up to 4 times faster than those of the Bitcoin blockchain<\/strong>.<\/p>\r\n<p>This also means that <strong>while a BTC block takes 10 minutes to mine, Litecoin blocks get mined around every 2.5 minutes<\/strong>. This metric is significant when calculating the specific LTC halving date.<\/p>\r\n<p>All of that might make little-to-no sense if you’re not familiar with cryptocurrency mining, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-proof-of-work-pow/" target=\"_blank\" rel=\"noopener\"><strong>Proof-of-Work<\/strong><\/a>, and the fact that, from a general perspective, Litecoin’s blockchain is very similar to that of Bitcoin. Now, while I won’t get into the details of the processes that I’ve just mentioned, let’s still have a quick rundown so that we’re both on the same page.<\/p>\r\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto-prices//assets//halving//litecoin-halving-physical-coin.jpg/" alt=\"Litecoin halving: LTC physical coin.\" width=\"880\" height=\"587\" \/><\/p>\r\n<p>Cryptocurrency mining is a process where <strong>miners<\/strong> (people like you and me, or even large companies) <strong>employ their devices<\/strong> (either personal computers or special mining machines) <strong>to confirm transactions that are happening on a crypto network.<\/strong> By approving these transactions, miners “<strong>mine blocks<\/strong>” (since transactions are stored in these data blocks) and add them to the blockchain.<\/p>\r\n<p>If you’re the one who successfully mines the block, you receive a reward for your work. <strong>This reward is exactly what gets halved every time a Litecoin halving takes place.<\/strong><\/p>\r\n<p>The process of mining crypto is part of “Proof-of-Work”, a broader methodology of how certain networks (blockchains) confirm transactions and keep themselves secure. Both Bitcoin and Litecoin use Proof-of-Work and thus act very similarly halving-wise.<\/p>\r\n<h3>How Does Litecoin Halving Work?<\/h3>\r\n<p>Now that you’re familiar with the core general concepts surrounding Litecoin halving, we can get a bit more specific and explore the phenomenon in question.<\/p>\r\n<p>LTC halving dates back to <strong>2015<\/strong> when the first halving of this crypto asset occurred. Since its creation, <strong>halvings have been occurring on the Litecoin network every 4 years or so<\/strong> - check the table below for more details:<\/p>\r\n<table class=\"mt-5\" style=\"border-collapse: collapse; width: 100%; height: 126px;\" border=\"1\">\r\n<thead>\r\n<tr style=\"height: 18px;\">\r\n<th style=\"width: 33.0882%; text-align: center; height: 18px;\"><strong>Date<\/strong><\/th>\r\n<th style=\"width: 33.0882%; text-align: center; height: 18px;\"><strong>Block Height<\/strong><\/th>\r\n<th style=\"width: 33.0882%; text-align: center; height: 18px;\"><strong>Block Reward<\/strong><\/th>\r\n<\/tr>\n<\/thead>\n<tbody>\r\n<tr style=\"height: 18px;\">\r\n<td style=\"width: 33.0882%; height: 18px;\">October 7, 2011<\/td>\r\n<td style=\"width: 33.0882%; height: 18px;\">0<\/td>\r\n<td style=\"width: 33.0882%; height: 18px;\">50 LTC<\/td>\r\n<\/tr>\r\n<tr style=\"height: 18px;\">\r\n<td style=\"width: 33.0882%; height: 18px;\">August 25, 2015<\/td>\r\n<td style=\"width: 33.0882%; height: 18px;\">840,000<\/td>\r\n<td style=\"width: 33.0882%; height: 18px;\">25 LTC<\/td>\r\n<\/tr>\r\n<tr style=\"height: 18px;\">\r\n<td style=\"width: 33.0882%; height: 18px;\">August 5, 2019<\/td>\r\n<td style=\"width: 33.0882%; height: 18px;\">1,680,000<\/td>\r\n<td style=\"width: 33.0882%; height: 18px;\">12.5 LTC<\/td>\r\n<\/tr>\r\n<tr style=\"height: 18px;\">\r\n<td style=\"width: 33.0882%; height: 18px;\">Est. 2023<\/td>\r\n<td style=\"width: 33.0882%; height: 18px;\">2,520,000<\/td>\r\n<td style=\"width: 33.0882%; height: 18px;\">6.25 LTC<\/td>\r\n<\/tr>\r\n<tr style=\"height: 18px;\">\r\n<td style=\"width: 33.0882%; height: 18px;\">...<\/td>\r\n<td style=\"width: 33.0882%; height: 18px;\">...<\/td>\r\n<td style=\"width: 33.0882%; height: 18px;\">...<\/td>\r\n<\/tr>\r\n<tr style=\"height: 18px;\">\r\n<td style=\"width: 33.0882%; height: 18px;\">Est. 2142<\/td>\r\n<td style=\"width: 33.0882%; height: 18px;\">?<\/td>\r\n<td style=\"width: 33.0882%; height: 18px;\">?<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p class=\"mb-5\" style=\"text-align: center;\"><span style=\"font-size: 14px;\"><em>Table: Litecoin halving schedule<\/em><\/span><\/p>\r\n<p>Now, then… What does this table tell us?<\/p>\r\n<p>Well, first of all, with some basic maths, you can see that <strong>Litecoin halving dates depend on when 840,000 blocks have been mined<\/strong>. With an average block time of <strong>2.5 minutes<\/strong>, this equates to roughly <strong>4 years<\/strong> - we’ve established that much already.<\/p>\r\n<p>At the very beginning, when LTC was first introduced, the block rewards were <strong>50 LTC<\/strong> each. The exact same was true with Bitcoin as well - in this regard, <strong>Litecoin follows Bitcoin’s pattern very closely<\/strong>. Bitcoin also started with a 50 BTC block reward and experiences a halving event every 4 years, too.<\/p>\r\n<p>Going back to LTC, the very last halving of this particular cryptocurrency is expected to happen around the year <strong>2142<\/strong>. The Litecoin rewards for mining a block will, naturally, be quite negligible by then, and it is estimated that around this time, <strong>LTC will reach its maximum block height<\/strong>.<\/p>\r\n<p>Granted that it’s more than a hundred years away, it's safe to say that we don't really need to worry about it right now.<\/p>\r\n<p>With all of this discussion about the specifics of LTC halvings, we’ve yet to address one of the biggest elephants in the room - <strong>*WHY* does Litecoin halving exist<\/strong> as a concept in the first place?<\/p>\r\n<p>Well, the cynical answer would be - because Bitcoin halvings exist, and with Litecoin being so similar to BTC, it simply adopted the process, too.<\/p>\r\n<p>An answer like that is obviously useless. The truth of the matter is that halvings serve one big purpose - <strong>an effort to synthetically<\/strong> (artificially) <strong>increase the price of the underlying asset in the long term.<\/strong><\/p>\r\n<h3>How do Litecoin Halvings Affect the Price of LTC?<\/h3>\r\n<p>We’ve already established that whenever a Litecoin halving happens, the block mining rewards get cut in half. That being said, this can also be seen in a bit of a different way - <strong>the supply of new Litecoins entering the market is halved as well.<\/strong><\/p>\r\n<p>Now, theoretically, if there’s enough demand for a particular asset (in this case - LTC coins), and the supply gets cut in half, it should drive up the price for that asset since it has now become more scarce.<\/p>\r\n<p>I use vague terminology simply because this isn’t necessarily always the case. This is especially true with cryptocurrencies - since the industry is still very young and, thus, extremely volatile, there’s not enough market logic to go around, and sometimes asset prices may rise and fall without an apparent reason.<\/p>\r\n<p>In turn, it could also mean that during a crypto halving event, there won’t be a price hike - or, at least, not one that many investors would expect.<\/p>\r\n<p><strong>What’s the situation with Litecoin halvings, specifically?<\/strong> Well, take a look at the graph below:<\/p>\r\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto-prices//assets//halving//litecoin-halving-chart.jpg/" alt=\"Litecoin halving: LTC halving chart.\" width=\"880\" height=\"548\" \/><\/p>\r\n<p>As you can see, the situation regarding the LTC halvings is quite… Interesting.<\/p>\r\n<p>After the first halving, LTC saw a bit of a price bump, albeit not immediately. While 1 LTC coin would cost around <strong>$2.99<\/strong> around the time of the halving, afterwards, the price would sway around the <strong>$3.50 - $4.00<\/strong> mark.<\/p>\r\n<p>Then, in 2018, Litecoin skyrocketed in price - this has nothing to do with the LTC halving dates, but rather, was due to the overall situation within the market. After crashing down significantly, the asset would then start climbing back up at the beginning of 2019, only to start falling back down right around the time of the second Litecoin halving.<\/p>\r\n<p>If you’d like to check out the charts for yourself, take a look at our <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//litecoin-ltc-price/" target=\"_blank\" rel=\"noopener\"><strong>crypto tracker tool<\/strong><\/a> - you’ll be able to perform an analysis of your own!<\/p>\r\n<p>However, it’s rather evident that the halving events didn’t impact Litecoin’s price all that much. While the first halving might have contributed to the bump in price that LTC experienced right after, <strong>the second Litecoin halving coincided with a decline in the asset’s price<\/strong> and didn’t manage to stop it.<\/p>\r\n<p>So, then… What’s the conclusion here? Do Litecoin halvings simply not work as they’re intended to?<\/p>\r\n<p>Well, no - the matter is quite a bit more complicated than that.<\/p>\r\n<p>While no one can say for sure why Litecoin halvings work or don’t work throughout a specified amount of time, it’s clear that <strong>the crypto market<\/strong> - Litecoin included - <strong>reacts to a huge variety of things<\/strong>. Positive and negative news, major events, and everything in between can influence the price of an asset.<\/p>\r\n<p>Following that logic, Litecoin halvings might simply not be “major” enough to cause any noticeable changes in the price of the crypto. Or, perhaps some major news events that coincide with the halvings overshadow them? The reasons can be plenty, and it’s thus important to do a lot of research to figure out what happened during specific Litecoin halving dates!<\/p>\r\n<h3>What are the Litecoin Halving Price Predictions for 2023?<\/h3>\r\n<p>As more and more people learn about the Litecoin halving dates, and as those dates start approaching closer and closer, there’s an uptick in <strong>LTC price predictions<\/strong> on the internet, as well.<\/p>\r\n<p>What will happen after the next Litecoin halving? Will LTC rise in price? Or will it crash even lower? These are some of the most common questions that crypto enthusiasts ask - however, is there really a single, accurate answer to them?<\/p>\r\n<p>No, of course not. Any and all price predictions are nothing more than entertainment, or educated guesswork, at best. Thus, you should never take such predictions seriously or without a massive grain of salt.<\/p>\r\n<p>Let’s entertain the idea, however, and try to establish a logical chain of events that could lead to LTC either rising or falling in price after the next halving.<\/p>\r\n<p>Admittedly, no matter the preferred outcome, it will all boil down to the <strong>general market sentiments around the time of the halving<\/strong>. So, if the market is <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-bull-market/" target=\"_blank\" rel=\"noopener\"><strong>bullish<\/strong><\/a>, and most of the main, best-known assets are rising in price, the Litecoin halving might give an additional boost to LTC.<\/p>\r\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto-prices//assets//halving//litecoin-halving-mining-rigs.jpg/" alt=\"Litecoin halving: mining rigs.\" width=\"880\" height=\"587\" \/><\/p>\r\n<p>On the other hand, if we find ourselves in a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-bear-market/" target=\"_blank\" rel=\"noopener\"><strong>bearish market<\/strong><\/a> when everyone’s busy selling their coins and tokens, this would likely result in <strong>minimal-to-no price influence<\/strong> as far as the halving goes.<\/p>\r\n<p>While this likely isn’t the price prediction that most people are looking for, it’s the honest truth. What’s worth adding, though, is that market sentiments don’t just manifest out of thin air.<\/p>\r\n<p>They are a combination of some <strong>global events<\/strong> combined with <strong>the news coming out of the cryptocurrency market itself<\/strong>. Each individual project can influence these sentiments quite significantly - Litecoin isn’t an exception!<\/p>\r\n<p>If the general opinion surrounding Litecoin is positive, around the time when the next LTC halving date comes around, and there’s a lot of good news surrounding the project, the halving could have some very positive effects on the price of the asset. The opposite is also true - we’ve covered that much already.<\/p>\r\n<p>One last point that I want to mention is that <strong>Bitcoin is probably the only cryptocurrency that has some very notable <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//halving//next-bitcoin-halving-dates///" target=\"_blank\" rel=\"noopener\">halvings<\/a><\/strong>, accompanied by significant price swings. This is simply due to it being, well… BITCOIN and having such a massive influence on the rest of the market.<\/p>\r\n<h2>The Significance of Litecoin Halvings<\/h2>\r\n<p>Now, we’ve gone through the Litecoin halving dates, price predictions, as well as the general details surrounding the phenomenon in question. What we’re yet to address, though, is <strong>the true significance of LTC halving dates<\/strong> to specific groups of people.<\/p>\r\n<p>With Litecoin being a top-tier crypto asset that utilizes Proof-of-Work technology, there are really three groups worth mentioning - <strong>miners, investors, and the general crypto community<\/strong> as a whole.<\/p>\r\n<h3>Miners<\/h3>\r\n<p>Without a doubt, <strong>Litecoin miners are the group who will be impacted the most.<\/strong> It doesn’t even really matter if the LTC halving causes the price of the coin to go up or down - it’s going to be a controversial topic either way.<\/p>\r\n<p>Why are LTC halvings controversial to miners, though?<\/p>\r\n<p>Well, for starters, as you might have figured out by now, <strong>miners are directly impacted by the phenomenon<\/strong> - it is their mining rewards that get cut in half each time a halving event occurs.<\/p>\r\n<p>Naturally, this would immediately invoke negative reactions. However, the kicker here is that the halving is done in order to make the LTC price go up, both immediately and in the longer term. Thus, if you’re a miner, while your rewards would be lower, they would be worth more at the end of the day.<\/p>\r\n<p>Theoretically speaking, that is.<\/p>\r\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto-prices//assets//halving//litecoin-halving-social-signals.jpg/" alt=\"Litecoin halving: social signals.\" width=\"880\" height=\"488\" \/><\/p>\r\n<p>However, this proportion doesn’t always work out, and some miners - especially those who first started mining crypto right before a halving event - can be left with significant losses. This isn't good because:<\/p>\r\n<p><strong>Miners lose money → They leave the network in search of other mining opportunities → the network becomes less secure → chances of a 51% attack increase, causing the price of the asset to plummet even more.<\/strong><\/p>\r\n<p>On the other hand, most miners who decide to get into LTC mining - or mining of any other halving-employing cryptocurrency, for that matter - know and understand that <strong>the halving processes are necessary to keep the project attractive<\/strong> and the price of the underlying asset stable.<\/p>\r\n<p>As you can see, it really is a difficult issue to navigate. Thus, if you were to ask five miners how they feel about Litecoin halving, you’d probably hear five different answers!<\/p>\r\n<p>That being said, same as with any other group of individuals, the sentiments that miners possess will depend heavily on the position that Liteocin finds itself in, market-wise, at that specific point in time.<\/p>\r\n<h3>Investors<\/h3>\r\n<p>As far as opinions regarding Litecoin halvings go, investors are on the completely opposite end of the scale from the miners. It’s pretty simple, really - if you’re an investor in LTC and are looking to maximize your profits by buying, selling, or trading the coin, you’re probably going to love everything that could increase the price of said asset.<\/p>\r\n<p>With LTC halving dates being set in place specifically for this purpose, the conclusion is quite self-explanatory.<\/p>\r\n<p>In the world of crypto, however, there’s a concept called “<strong>buy the rumor, sell the news<\/strong>”. This essentially means that investors might buy up as much Litecoin (or any other crypto) as they can before the halving occurs, and then sell it right before or on the day of the event.<\/p>\r\n<p>Why would they do that? Well, halvings tend to generate a lot of buzz around them - be it within the community itself or, if it’s significant enough, from media outlets, too.<\/p>\r\n<p>This, in turn, puts more eyes on the asset, and more people might decide to purchase it. The price of the coin would then increase, which is once again great for investors.<\/p>\r\n<p>Naturally, though, this is just one of the factors surrounding any and all price changes during the actual Litecoin halvings. On top of that, it’s only theory, as well - often, in the real world, things might not necessarily pan out as simply.<\/p>\r\n<h3>The General Crypto Community<\/h3>\r\n<p>The last group of people that might get impacted by the Litecoin halving phenomenon is the general global crypto community - enthusiasts who might not hold LTC themselves but be interested in the technology of the coin or the crypto space as a whole.<\/p>\r\n<p>Admittedly, looking at the historic Litecoin halving dates, it seems that <strong>this phenomenon doesn’t really cause a significant impact on this group of people<\/strong> at all. While Litecoin is definitely a major project, its halving events simply aren’t significant enough to move the market in either direction or to cause some sort of a major reaction.<\/p>\r\n<p>That’s not necessarily a bad thing, either!<\/p>\r\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto-prices//assets//halving//litecoin-halving-investors-chatting.jpg/" alt=\"Litecoin halving: investors are analyzing market charts.\" width=\"880\" height=\"587\" \/><\/p>\r\n<p>If you’re interested in the technical details of crypto halvings, sure - <strong>Litecoin could serve as a prime case study<\/strong>. On top of that, if you want to mine crypto but are still in the planning stage of things, LTC halvings become super-important to consider, as well.<\/p>\r\n<p>If none of that applies to you, though, then it’s likely that you won’t even notice these halvings happening from a general market fluctuation perspective.<\/p>\r\n<h2>Summary<\/h2>\r\n<p>By this point in the text, you should have a pretty good idea of everything related to Litecoin halvings - <strong>the dates, how it works, what happens, what SHOULD happen, why it matters<\/strong>, and so on.<\/p>\r\n<p>That’s a lot of information to take in at once! Below are some <strong>key takeaways<\/strong> from everything that we’ve talked about:<\/p>\r\n<ul>\r\n<li>Litecoin halving is a process when mining rewards get cut in half;<\/li>\r\n<li>Its purpose is to cause artificial price inflation of the LTC coin;<\/li>\r\n<li>Litecoin halvings happen every 4 years (approx.), or every 840,000 blocks;<\/li>\r\n<li>There have been two LTC halvings, with the third one happening in 2023;<\/li>\r\n<li>In the past, halving events don’t really seem to have had a significant influence on the price of Litecoin.<\/li>\r\n<\/ul>\r\n<p>If you keep all of these things in mind, you’ll essentially know all of the important information surrounding Litecoin halvings. However, note that since the phenomenon is quite unique and present only on specific blockchain networks, it’s definitely worth diving deeper into!<\/p>\r\n<p>This is, once again, especially true if you plan to mine <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-litecoin-ltc/" target=\"_blank\" rel=\"noopener\"><strong>LTC<\/strong><\/a> or invest in the network in any way. Understanding how halvings work will keep you one step ahead of your competition and help you comprehend how Litecoin functions in general!<\/p>\r\n<h2>Conclusions<\/h2>\r\n<p>Thanks for reading my Litecoin halving overview! Make sure to <strong>keep an eye on the countdown above<\/strong> - you’ll be able to see just how much time is left until the next halving event and plan your strategies accordingly!<\/p>\r\n<p>Additionally, you may also want to check out our <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//halving//next-bitcoin-halving-dates///" target=\"_blank\" rel=\"noopener\"><strong>Bitcoin halving countdown<\/strong><\/a> as well. With Litecoin and Bitcoin being so similar, it’s interesting to compare the halving processes of both of these assets! On top of that, BTC halvings tend to be major events within the industry - it’s a good idea to track them either way!<\/p>","meta_title":"Litecoin Halving Date - Upcoming LTC Halving & History Dates","meta_description":"Find out when the upcoming LTC Halving date is: check LTC Halving history & the most accurate countdown.","halving_at":2520000,"current_block":2478175,"blocks_left":41825,"seconds_left":5809775,"time_per_block":139,"hash_rate":757639015817809,"difficulty":24343418.73,"current_block_reward":12.5,"block_reward_after_halving":6.25,"halving_history":"[{\"id\":1,\"date\":\"October 7, 2011\",\"block\":0,\"reward\":50},{\"id\":2,\"date\":\"August 25, 2015\",\"block\":840000,\"reward\":25},{\"id\":3,\"date\":\"August 5, 2019\",\"block\":1680000,\"reward\":12.5},{\"id\":4,\"date\":\"Sometime in 2023\",\"block\":2520000,\"reward\":6.25}]","status":"published","stats_updated_at":"2023-05-22T08:00:08.000000Z","created_at":"2022-10-18T11:27:28.000000Z","updated_at":"2023-05-22T08:00:08.000000Z"}}"
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>
