Similar to Bitcoin, Litecoin halving involves cuting the block reward for mining Litecoin by half. This occurs about every four years with the goal of limiting the token supply and gradually making it more scarce thereby boosting demand and price afterwards.
In August 2019, Litecoin underwent its most recent halving. The following halving is scheduled for August 2nd 2023. Investors often guess about how halving occurrences may affect supply and pricing, which causes volatility and uncertainty. However, halving's effects usually weighs in months or years after the actual event.
Although the impacts of halving are not always immediate, the majority of traders are already looking into different ways to amass LTC, which has increased demand for the token and caused LTC giveaway events like the one on Bitget to become more popular.
Do you anticipate a bullish trend as a result of the impending halving event?
