#Litecoin $LTC is one of the crypto projects that undergoes a halving like bitcoin every four years. Before you consider investing in it or not, you need to focus on these:

  • Litecoin was founded by Charlie Lee, a former Google employee, who aimed to create a "lite version of #Bitcoin $BTC ." Litecoin was released on Oct. 7, 2011, as a peer-to-peer cryptocurrency designed for fast, secure, and low-cost payments.

  • As of July 28, 2023, Litecoin ranks as #11

    on CoinMarketCap with an approximate circulating supply of 73,455,514 LTC, which is 87% of its total supply, (84,000,000 LTC coins).

  • Since January 11, 2023, it has maintained a market cap of above $6 billion.

  • The total addresses holding the coin are over 8 million, active addresses are above 300,00, and the top 10 Holders have a little above 13% of the total supply as of July 27, 2023.

  • Litecoin is based on the Bitcoin protocol but differs in hashing algorithm, hard cap, block transaction times, and other factors.

  • Litecoin is designed with a block time of 2.5 minutes and extremely low transaction fees, which makes it attractive for micro-transactions and point-of-sale payments.

  • The MimbleWimble (MW) testnet was released for Litecoin to enhance the privacy and fungibility of transactions.

  • The block rewards for Litecoin have undergone several halvings over the years. Initially, in 2011, each new block created rewarded miners with 50 LTC. In August 2015, this reward was halved to 25 LTC per block. Another halving occurred in August 2019, reducing the reward further to 12.5 LTC. The upcoming third halving by next week will cut the block reward to 6.25 LTC per block.

  • Around 500,000 LTC was mined on the first day of its launch, with early developers among the first miners.

  • It reached an ATH of $412.96 in May 2021, nearly two years after its last halving.

  • The highest price before the first and second halvings are about $44 and $359.

As the halving gets closer, which should happen in approximately five days, DYOR before you decide to invest or not.

More details about the halving are here: https://litecoinblockhalf.com