Litecoin LTC


Litecoin first ever halving soon to be upon us we are already beginningto see the affects.So, what a better time to discuss exactly that. Sit backbecause this going to get interesting.
By no means is Litecoin the first coin to be halved. In fact,back on November 28th, 2012Bitcoin underwent its first-ever halving. So we alredy have a good idea of

what to expect litecoin

just by looking at history. Okay, so what do we actually meanwhen we refer to a coin as halvingIn the case of Litecoin, miners are currently awarded 50 new coins for solving blocks.


And then another half, and another half, and so on and so forth.The halving process doesn’t just happen once. For both Bitcoin and Litecoin this is set to happen every four years as is stated in their code.But for other coins,this may vary.

Until eventually all 84 million Litecoins are in existence.Clearly, this is a positive thing as inflation slows each time.

Conclusion about litecoin:

less coins for the market, and therefore everyone’s coins rise in price
as a result. So why does Litecoin actually look like
this before the halving?

Well, the most likely answer is that people are
expecting the price to riseso in anticipation they are buying up these “cheap” undervalued coins in their mind.

while they are at this current price. We should also point out that cryptocurrency has come a long way since 2012 when Bitcoin underwent its first halving.

Thus in turn, this sudden rush and demand of people wanting to buy-in has, in turn, pushed the price of Litecoin higher.

one more part to the equation ltc :

the miners. As we know miners invest inspecialized equipment in order to actually mine the coins.

Just like any other business, they need to make a profit.Otherwise it’s just not worth them doing so

Litecoin That is, unless the market price of the coins rise to a point where they can
continue to make a profit.By the way, the miners face one of two options.

Those being:the price rises and everything stays pretty much the same as it is now.

However if it doesn’t, a lot of miners will no longer be able to operate.
In turn, the network hash rate will drop as they begin to shut off.

Leaving only mining farms in places such as China Litecoin

working. Resulting in a less distributed network.If a network hash rate drops low enough, The mining difficulty will automatically adjust itself.Meaning those who stopped, may be able to start mining again at a profit.


Post navigation

Leave a Reply

Your email address will not be published. Required fields are marked *