Reward-Drop ETA date: 30 Jul 2027 05:44:58 UTC
What is a block halving event?
As part of Litecoin's coin issuance, miners are rewarded a certain amount of litecoins whenever a block is produced (approximately every 2.5 minutes). When Litecoin first started, 50 litecoins per block were given as a reward to miners. After every 840,000 blocks are mined (approximately every 4 years), the blockreward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2142). As of now, the block reward is 6.25 coins per block and will decrease to3.125 coins per block post halving.
Why was this done?
Litecoin was designed as a deflationary currency. Like gold, the premise is that over time, the issuance of litecoins will decrease and thus become scarcer over time. As litecoins become scarcer and if demand for them increases over time, Litecoin can be used as a hedge against inflation as the price, guided by price equilibrium is bound to increase. On the flip side, fiat currencies (like the US dollar), inflate over time as its monetary supply increases, leading to a decrease in purchasing power. This is known as monetary debasem*nt by inflation. A simple example would beto compare housing prices decades ago to now and you'll notice that they've increased over time!
Predictable monetary supply
Since we know Litecoin's issuance over time, people can rely on programmed/controlled supply. This is helpful to understand what the current inflation rate of Litecoin is, what the future inflation rate will be at a specific point in time, how many litecoins are in circulation and how many remain left to be mined.
Who controls the issuance of Litecoin?
The network itself controls the issuance of litecoins, derived by consensus through all Litecoin participants. Ever since Litecoin was first designed, the following consensus rules exist to this day:
- 84,000,000 litecoins to ever be produced
- Target of 2.5-minute block intervals
- Halving event occuring every 840,000 blocks (approximately every 4 years)
- Block reward which starts at 50 and halves continually every halving event until it reaches 0 (approximately by year 2142)
Any change to these parameters requires all Litecoin participants to agree by consensus to approve the change.
Past halving event dates
- The first halving event occurred on the 25th of August, 2015 UTC at block height 840,000
- The second halving event occurred on the 5th of August, 2019 UTC at block height 1,680,000
- The third halving event occurred on the 2nd of August, 2023 UTC at block height 2,520,000
Past halving price performance
It is always a debate on what Litecoin will do in terms of pricing for a halving event. Some people believe that the halving is already priced in by the market and thus there's no expectationfor the price to do anything. Others believe that due to price equilibrium, a halving of supply should cause an increase in price if demand for litecoins is equal or greater than what it was beforethe halving event. Below is a chart showing past price performance of the two halving events: 
Video explanation
Stats
| Total Litecoins in circulation: | 74,973,100 |
| Total Litecoins to ever be produced: | 84,000,000 |
| Percentage of total Litecoins mined: | 89.25% |
| Total Litecoins left to mine: | 9,026,900 |
| Total Litecoins left to mine until next blockhalf: | 3,776,900 |
| Litecoin price (USD): | $65.53 |
| Market capitalization (USD): | $4,912,987,243.00 |
| Litecoins generated per day: | 3,600 |
| Litecoin inflation rate per annum: | 1.77% |
| Litecoin inflation rate per annum at next block halving event: | 0.84% |
| Litecoin inflation per day (USD): | $235,908 |
| Litecoin inflation until next blockhalf event: (USD): | $247,500,257 |
| Total blocks: | 2,755,696 |
| Blocks until mining reward is halved: | 604,304 |
| Total number of block reward halvings: | 3 |
| Approximate block generation time: | 2.5 minutes |
| Approximate blocks generated per day: | 576 |
| Difficulty: | 40,760,044 |
| Hash rate: | 1,148TH/s |
| Current activated soft forks | bip34,bip66,bip65,csv,segwit |
| Current pending soft forks | |
| Next block retarget | 2755872 |
| Blocks to mine until next retarget | 176 |
| Next block retarget ETA | 0 days, 7 hours, 19 minutes |
FAQs
Litecoin halvings happen every 4 years (approx.), or every 840,000 blocks; There have been three LTC halvings, with the fourth one happening in 2027; In the past, halving events don't really seem to have had a significant influence on the price of Litecoin.
What is the current LTC block reward? ›
What is a Litecoin block halving event? A Litecoin block halving is an event that happens roughly every 4 years or every 840.000 mined blocks and is programmed into Litecoin's code. Litecoin's initial block reward was 50 LTC, the current block reward is 6.25 LTC and the new block reward will be 3.125 LTC.
Will Litecoin reward halving for miners decrease from 12.5 to 6.25 Litecoin? ›
The Litecoin network will now issue 6.25 LTC as rewards for miners with each block, down from 12.5 LTC. Litecoin's block reward halving reduces issuance of new LTC by 50% for every 840,000 blocks processed, with LTC's supply expected to reach its limit in the year 2,142.
How many Litecoin is left to mine? ›
Stats
| Total Litecoins in circulation: | 74,971,344 |
|---|
| Total Litecoins to ever be produced: | 84,000,000 |
| Percentage of total Litecoins mined: | 89.25% |
| Total Litecoins left to mine: | 9,028,656 |
| Total Litecoins left to mine until next blockhalf: | 3,778,656 |
19 more rowsWhile the $10,000 mark may seem like a lofty goal for Litecoin, it is not entirely out of reach. With the right combination of market conditions, technological advancements, and adoption, Litecoin could potentially reach this milestone in the future.
How much will 1 Litecoin be worth in 2025? ›
Can LTC hit $1,000? ›
Can LTC Reach $1000? It is a possible price goal in the long-term: many experts believe that this can happen either by 2030 or 2040.
Will Litecoin reach $300? ›
The Litecoin price prediction for the end of 2030 uses the current rate of increase. A price between $200 and $300 is likely if a similar rate of increase continues for the foreseeable future. The long-term Litecoin price prediction is similar to that for this bull run.
How much is $500 USD in LTC? ›
USD to LTC
| Amount | Today at 3:18 pm |
|---|
| 50 USD | 0.82 LTC |
| 100 USD | 1.64 LTC |
| 500 USD | 8.19 LTC |
| 1,000 USD | 16.38 LTC |
4 more rowsThe Coincodex platform predicts Litecoin could reach $139.89 to $483.89 by 2030, and experts from Changelly forecast that it could reach minimum and maximum prices of $142.22 and $178.31 by the end of 2025.
Solo Litecoin mining profitability is extremely low because cryptocurrency mining networks have become very centralized. Profits from Litecoin mining are a function of your investments in hardware and software, pool fees, electricity costs, and Litecoin's market price.
What is Litecoin target 2030? ›
Litecoin (LTC) Price Prediction 2030
| Year | Price |
|---|
| 2025 | $ 69.45 |
| 2026 | $ 72.93 |
| 2027 | $ 76.57 |
| 2030 | $ 88.64 |
1 more rowThe all-time high of Litecoin is $420.00.
How long does it take to mine one LTC? ›
How long does it take to mine one Litecoin? The average block mining time on the Litecoin blockchain is approximately 2.5 minutes. Miners receive a reward of 12.5 Litecoins per block mined.
Will Litecoin shoot up? ›
Some analysts are predicting that Litecoin's average price will continue to move sideways in 2025. Other analysts predict Litecoin to soar rapidly. Due to its price cycles usually developing 2–3 years each, the price of Litecoin may experience two cycles of growth and decline by 2030.
Will Litecoin ever go up again? ›
Based on predictions from a range of analysts and market news sources, the overriding outlook for Litecoin is extremely bullish, with all predictions suggesting the value of the crypto is only likely to increase in the coming years. This is irrespective of the timeframe, whether short, medium, or long term.
What will Litecoin price target be in 2030? ›
Ambcrypto.com predicts that Litecoin could reach $164.82 to $247.22 by 2030. Note - Start Your Free Trial Today and Uncover Your Token's Price Prediction and Forecast on Token Metrics.
What is the price action for Litecoin halving? ›
The last Litecoin halving occurred on 2 August 2023. This event led to a decrease in the block validation reward to 6.25 LTC. Currently, the price of LTC is approximately $90. The next halving event is scheduled for 2027, which will reduce mining rewards from 3.125 LTC to 1.5625 LTC per block.
