Click here to watch the Litecoin Halving 2019 detailed video, Previously, the miners mined one LTC every 2.5 minutes and receive 25 LTC as a block reward, which is going to get halved in another two months. After a period of relative stability, the Bitcoin price is once again falling. At the time of writing (Aug 2019), only 20 million of the potential 84 million is still available to be mined in the future. A breakeven cost is when the miner’s profitability can cover only his own cost. Litecoin has undergone its second halving process today, at a block height of 1,680,001. However, at the beginning of 2013, the coin's value began to steadily grow, and, in April, it gave way to a correction and continued again in autumn 2013, ending above $1,100. The top exchanges for trading in Litecoin are currently Binance, Huobi Global, IDCM, ZG.com, and CITEX. Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. As 50% of BTC supply was issued during the earliest era, it’s logical that 75% of supply had been issued by the end of this phase. Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. Disclaimer: No financial or investment advice is offered or suggested in this article by CoolBitX or coolwallet.io. The final Litecoin is predicted to be mined more than 120 years from now, in the year 2142! The price peaked at US$9 early July, as a large sell-off followed, resulting in a 64% drop 26 days from the halving. The first, CopyTrader, allows users to match top traders automatically, and is perfect for those users who are unsure about what cryptos to invest in. This demonstration of value soon attracted more miners, ramping up difficulty and driving competition for ever-faster mining hardware and cheaper power. You can find others listed on our crypto exchanges page. Time Span: November 28th, 2012 to July 9th, 2016. It’s been a slow and painful downward spiral for Litecoin (and most other altcoins) since it reached its all-time-high price of $357 on the 18th of December 2017.. January 1st, 2019: LTC price – $30 (before halving) Moreover, the halving would cause the profitability of Litecoin mining smaller and the time for profit more uncertain. Most of these small mining pools running on outdated hardware will now find it unprofitable to keep mining unless Litecoin has a massive uptick in value. CoolBitX is not responsible, directly or indirectly, for any damage or loss caused by or in connection with the use of or reliance on any content, goods or services mentioned in this guide. In 2015, after the previous year's bear market, Litecoin's price rocketed from US$1 in January to US$9 — a whopping 720% increase in the space of seven months.

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