Today a litecoin halving will be held

The Litecoin cryptocurrency rate holds below $ 100 this Monday, while the halving is less than an hour. According to CoinMarketCap, at the time of publication, Litecoin is trading at $ 97.32, rising by 5.72% in the last 24 hours, which is consistent with the dynamics of the broader cryptocurrency market.

According to the portal litecoinblockhalf.com, halving in the Litecoin network will occur today at 13:21 Moscow time. It is then that the block will be released, for adding to the blockchain of which the miner will receive an award of 12.5 LTC instead of 25 LTC, which were paid for each block from August 25, 2015. Bitcoin this Monday bypasses Litecoin and all other cryptocurrencies from the top twenty in terms of growth, rising by 9.5% in the last 24 hours.

“In the bear market, many traders considered Litecoin halving a good deal at a fundamental level, which is why the market was overcrowded,” said Eric Turner, research director at Messari research firm. “Now that the halving is coming, some investors are starting to exit the deal. Halvings are usually taken into account by the market in advance, so this event itself is not a positive catalyst, contrary to the expectations of many. ”

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