Third Halving in Litecoin Successfully Completed! Here Is The Initial Reaction Of LTC Price
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Proof of Work The third half-term event was successfully completed in Litecoin, which leads in cryptocurrencies along with Bitcoin.
In Litecoin (LTC), an old and important Proof of Work altcoin, the third halving event was successfully completed.
According to the information, the halving, which was completed at 15:06 UTC time, was the third halving event that the token has undergone since its launch in 2011.
With the development, block rewards in Litecoin mining have been reduced from 12.5 LTC to 6.25 LTC.
The LTC price had experienced a decline before the event, but it seems that there was no sudden reaction with the event:
The Litecoin Foundation confirmed the halving in a statement on its official Twitter account and gave a date for the next halving:
"Litecoin's block reward has been automatically adjusted from 12.5 to 6.25 LTC.
The next Litecoin Halving will take place on the 840,000 block, which is estimated to take place on July 30, 2027.
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