Litecoin halving approaching and price already showing signs of exhaustion78

After the new yearly high of $147 on June 22, Litecoin has depreciated almost 25 percent signaling that hype around the upcoming block rewards reduction event could be already priced in.

On Aug. 5, 2019, Litecoin will go through a process called halving. This is a fixed event that occurs every four years after 840,000 blocks are mined, reducing the rewards miners get for mining blocks by 50 percent, subsequently, lowering LTC’s inflation rate.

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