Litecoin halving is a process where the mining reward for each block is cut in half. It happens approximately every four years and is meant to decrease the rate of coin production and increase the value of the coin.

Is halving good for miners?

Litecoin halving can be good for miners because it can increase the value of the coin. However, it can also decrease the amount of rewards they receive for mining.

If the price of Litecoin doesn't increase after the halving, miners may receive less rewards for their efforts. However, the decreased rate of coin production can help to create a more stable supply and demand ratio as halving will reduce the reward for miners and less mining reward means less available supply in the market.

The price of Litecoin should be attractive enough for miners to continue mining it. However, if the price doesn't increase after the halving, it may become less profitable for miners to mine Litecoin. I mean think about it for yourself , if you want to mine an altcoin you need an attractive price that will recover your electricity cost and provide you some good rate of returns.

The History of LiteCoin Chart After Halving

This is what Litecoin did post halving of 2019 price dropped 70% after halving.

Altcoin halving and bitcoin halving is different

Coins reward reduce after halving , Litecoin reward will be dropped to 6 LTC .

There is no comparison between bitcoin halving and ltc halving as bitcoin demand is much higher than litecoin. Each time a coin halves it reduces the profit as reward reduces and cost of mining remains the same.

Bitcoin is held by big mining firms and whales too. To keep the miners profitable whales / institutions or whatever you call it they keep the prices well above the mining costs and also as i mentioned above demand is the big factor as bitcoin demand is continuing to increase and supply is reducing it pushes the price up.

The case with #litecoin is different , many people mine altcoins to make money out of it. mining altcoins is risky as alts are volatile and pay less reward because of less prices. As the reward of litecoin will be reduced even more after this halving it will be less attractive for miners to mine it because electricity costs are going higher and the reward going down along with prices.

If you think #LTC will go up after halving , it is less likely in my opinion based on how price reacted in the past and how it will be even less profitable than before to attract the new miners.