Halving

The next Litecoin Halving Event is scheduled for Wednesday, August 2nd. On this occasion, the block reward of 12.5 LTC will be reduced by half to 6.25 LTC. A major disruption in the price of Litecoin and the cryptocurrency market in general is expected after this event. However, with only two months left until the Litecoin halving, things seem to be accelerating. Let's explain!

Never before have so many bitcoins stayed with the same owners for such a long time. Everyone is eagerly awaiting the halving.

The Bitcoin network is experiencing intense activity with the speculative frenzy surrounding Ordinal's BRC-20. This influx has led to real network congestion, resulting in a drastic increase in transaction fees. Yesterday, block number 788695 set a historical record by reaching 6.7 bitcoins in fees, exceeding the 6.25 bitcoin block subsidy.

Banks are falling like flies as the Fed finishes raising rates. Hard to imagine a more favorable situation for Bitcoin.

In less than a year, the next Bitcoin Halving will take place. If history repeats itself, we may be on the verge of a new all-time high (ATH).