🔥Litecoin ‘Halving,’ Set for Wednesday...

✨That quadrennial milestone is expected to happen Wednesday around 16:34 UTC (12:34 pm ET), according to the website litecoinblockhalf.com. It will be the Litecoin blockchain’s third halving since its inception in 2011.

🔗“The price is driven by supply and demand,” Founder Lee explained during a Twitter Spaces event on Tuesday. “If the supply side gets cut in half and the demand stays the same, then the price should go up.”

🔸Sometimes it doesn't really have too much of an effect. It all depends on how the market reacts to the halvin

🔸For bitcoin and litecoin, sometimes the price went up before, sometimes it runs up afterwards

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