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 <h2 id="strong-state-of-the-litecoin-halving-event-strong"><strong>State of the Litecoin Halving Event</strong></h2> 
 <p><span style="font-weight: 400">The entirety of 2023 has been dedicated toward preparation for the forthcoming Litecoin <a rel="noopener noreferrer nofollow" title="Halving" href="https://thebittimes.com/tag/halving.html">Halving</a>. While there is no special preparation by the Litecoin protocol, the sensitization has notably stirred the community who believes the scarcity that will be ushered in will have a positive impact on the price of LTC in the immediate future.</span></p>  
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 <p><span style="font-weight: 400">The coming halving event is the third the Litecoin blockchain will be experiencing with the first </span><span style="font-weight: 400">recorded</span><span style="font-weight: 400"> back on August 25, 2015. The second halving took place on the 5th of August 2019 with the next one expected sometime in the coming week. </span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">The first <a rel="noopener noreferrer nofollow" title="Halving" href="https://thebittimes.com/tag/halving.html">Halving</a> event occurred on the 25th of August, 2015 at block height 840,000. The second <a rel="noopener noreferrer nofollow" title="Halving" href="https://thebittimes.com/tag/halving.html">Halving</a> event occurred on the 5th of August, 2019 at block height 1,680,000.</p> 
  <p>The third is just days away!</p>  
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  <p>— Litecoin (@<a rel="noopener noreferrer nofollow" title="litecoin" href="https://thebittimes.com/tag/litecoin.html">litecoin</a>) July 29, 2023</p> 
 </blockquote> 
 <p></p> 
 <p><span style="font-weight: 400">The implication of the halving event is that the rewards paid out to Litecoin miners will be slashed by half from 12.5 LTC to 6.25 LTC respectively.</span></p>  
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 <p><span style="font-weight: 400">The Litecoin <a rel="noopener noreferrer nofollow" title="Halving" href="https://thebittimes.com/tag/halving.html">Halving</a> event, like other renowned Proof-of-Work (PoW) protocols, occurs by default without the need for any intervention from the Litecoin Foundation. The success of the previous <a rel="noopener noreferrer nofollow" title="Halving" href="https://thebittimes.com/tag/halving.html">Halving</a> event is notably boosting the confidence that this forthcoming one will be a success as well.</span></p> 
 <h2 id="strong-the-ltc-price-outlook-strong"><strong>The LTC Price Outlook</strong></h2> 
 <p><span style="font-weight: 400">One of the most important assumptions is that the halving event will boost LTC prices </span><span style="font-weight: 400">according</span><span style="font-weight: 400"> to different experts. Despite the bullish projections, at the time of writing, Litecoin is down marginally by 0.60% to $91.15.&nbsp;</span></p> 
 <p><span style="font-weight: 400">On the upper end of the bullish predictions, many are optimistic that the halving will lend the needed boost for LTC to retest its previous 52-week high of around $114.50. Litecoin’s All-Time High (ATH) is </span><span style="font-weight: 400">pegged</span><span style="font-weight: 400"> at $412.96 per on-chain data, a figure that proponents of the Litecoin blockchain believe can be breached in the months following this halving event.</span></p> 
 <p><span style="font-weight: 400">Amidst the broad optimistic projection ahead of the halving, some analysts are already advocating caution with a thesis that the event might </span><span style="font-weight: 400">trigger a selloff</span><span style="font-weight: 400"> for LTC coin. The coming week will hold a lot of significance into how high the price of Litecoin can grow post-halving and LTC is bound to be on many investors’ watchlists.</span></p> 
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Litecoin (LTC) Halving is Days Away, How High Can Price Rise?

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TheBitTimes

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