The LTC20 halving on August 10 will be an important event for the Litecoin network. Most experts expect this event to have a positive impact on the LTC price. However, this certainly does not mean that the asset will lead the market over the next 2.5 months with overwhelming gains. Market cycles and news events will always play an important role in the price of LTC.
From block 2,140,000 onwards, the LTC mining reward will suddenly drop from 12.5 LTC to only 6.25 LTC. Reduced supply and increased demand will have significant implications based on historical data.
Just as we have seen the price of Bitcoin increase during each halving (the last one occurred in 2020), it is likely that Litecoin will too.
What is everyone's target for LTC?
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