‼️ Be careful if LTC Halving is approaching! 🚨
🕕 The LTC issuance process is expected to take place on August 3rd. This event can greatly affect the price of#LTCand you have a chance to make or lose money. So keep your nerves in hand!
What is halving and why is it so important for the Litecoin cryptocurrency?
🌕 Halving is an event that occurs approximately every four years and is a key aspect of the security and stability mechanism of the Litecoin network. At this point, the reward for each block is halved, which leads to a decrease in the production of new LTC. This is due to the limitation of the total number of coins to 84 million, which makes Litecoin a deflationary asset.
💹 The price movement #LTC this time is somewhat “different” compared to previous halvings. However, $LTC still reached a new ATH this year at $115 (according to Binance). Small growth, but stable.
📊 History shows that all PoW tokens will go into a “short-term correction” after the reward is halved. This means that the price may temporarily decrease. But don’t be alarmed, this movement is normal!
❗️ Don't forget that cryptocurrencies always carry risks. If you plan to participate in LTC trading during the halving, be prepared for possible price fluctuations. Invest responsibly and don't bet everything you have!
