Does Litecoin have a halving?

In the Litecoin blockchain, a new block is added approximately every 2.5 minutes. Every time when 840,000 blocks are mined, the award given to miners is halved . It happens approximately every four years. This event is pre-programmed in the Litecoin algorithm.

Litecoin coin price prediction: 2026 The litecoin halving event is due to take place in August 2023 . Typically these types of events herald rises in crypto values, but the mid-term outlook for the litecoin prediction seems to be downbeat. LongForecast sees litecoin trading at between $47 and $59 in March 2026.

A Litecoin halving is an event where the number of generated Litecoin rewards per block is halved . Occurring roughly every four years, Litecoin halvings aim to preserve Litecoin’s purchasing power.15 Ara 2019

What is ‘the halving’? Simply put, a Bitcoin halving is the process of halving the rewards of mining Bitcoin after each set of 210,000 blocks is mined. By reducing the rewards of mining Bitcoin as more blocks are mined, a Bitcoin halving limits the supply of new coins, so prices could rise if demand remains strong .