Posted 2 years ago | by Ben Armstrong

Litecoin Halving Happens. Are We Rich Yet?

Much has been made over the last several months about the run up to the Litecoin Halving. Today, it happened. And if you are waiting for the next one, don't hold your breath because it's a mere 1457 days away.

The "Litecoin Halving" is an event that occurs every 4 years in which the block rewards from mining Litecoin are cut in half. For this cycle, the block rewards were cut from 25 LTC per block mined down to 12.5 LTC per block mined.

Many Litecoin Holders have been disappointed with the price action over the past month leading up to the halving. However, over the last several months, Litecoin has enjoyed one of the biggest altcoin pumps as LTC investors saw the price go from $30 in January to $120 in June.

July saw Litecoin drop back down to around $100. A 4x gain is certainly nothing to complain about, but many were surprised the price did not go up further in anticipation of the halving. However, those few crypto enthusiasts who were here for the last Litecoin Halving remember that it wasn't exactly great for the price.

That's a chart that Litecoin holders hope does not repeat itself.

To see more details on this story and others, check out BitBoy Crypto's latest video:

[youtube v="UAYzVFtTftg"]

About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Litecoin Halving Comes & Goes. Only 1457 Days Until the Next One.Ben Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of BitBoyCrypto.com. Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at BitBoy@BitBoyCrypto.com or contact him on Twitter @BitBoy_Crypto.