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{"id":422,"date":"2023-08-03T09:09:13","date_gmt":"2023-08-03T09:09:13","guid":{"rendered":"https:\/\/lunu.io\/news\/?p=422"},"modified":"2023-08-03T09:09:16","modified_gmt":"2023-08-03T09:09:16","slug":"6-drop-post-halving-is-this-the-new-normal-for-litecoin","status":"publish","type":"post","link":"https:\/\/lunu.io\/news\/6-drop-post-halving-is-this-the-new-normal-for-litecoin\/","title":{"rendered":"6% Drop Post-Halving: Is This the New Normal for Litecoin?"},"content":{"rendered":"\nLitecoin, one of the pioneering blockchain protocols, successfully completed its third halving on August 2, 2023. This event, which takes place every four years, saw the miners’ rewards being halved from 12.5 LTC to 6.25 LTC. However, instead of the anticipated price increase, Litecoin’s value took a surprising dip, trading at approximately $86.80, a 6% decrease from the previous day’s valuation.<\/p>\n\n\n\n
The halving event was announced by the Litecoin team on Twitter and occurred when the network reached block height 2,520,000. This event is typically seen as a catalyst for long-term price increases for the network’s native token. Yet, the immediate aftermath saw Litecoin’s value heading in the opposite direction.<\/p>\n\n\n\n