Litecoin is about to be halved. You must remember these points

Miners, investors, developers and other parties seem to be anticipating the upcoming Litecoin halving. Slogans such as "Buy Litecoin at will before the halving" and "Latiao 18,000" are also circulating in various WeChat communities.
According to the latest data from Litecoinblockhalf, based on the current block speed, the estimated halving time for Litecoin is around 10 am on August 6, 2019.
The current Litecoin mining reward is 25 LTC (US$2,500), which will become 12.5 LTC (US$1,200) after halving this year. The annual inflation rate will also be reduced from the current 8.94% to 4.26%.
The halving of block rewards will lead to an increase in mining costs and a halving of output, which will have a significant supporting effect on the price of Litecoin and its intrinsic value.

Litecoin is about to be halved. You must remember these points about the price trend of LTC in the past month. Data from CoinMarketCap

LTC price doubled in the first quarter of this year
The halving of block rewards is a mechanism set by cryptocurrency. The so-called mining of cryptocurrency is actually the use of computing equipment to pack the transaction information of cryptocurrency into blocks. The blocks containing all transaction information are linked together in chronological order to form the blockchain. Miners are people who contribute computing equipment to pack blocks. Every time miners pack a block, the blockchain network will reward miners with a certain amount of cryptocurrency to attract more people to maintain the stable operation of the blockchain network.
When a certain number of blocks in the blockchain network are packed, the miners who pack the next blocks can only get half of the previous rewards. This mechanism is the common block reward halving mechanism in cryptocurrency mining. The halving of block rewards means that the output of cryptocurrency begins to decrease, which means that the cryptocurrency becomes rarer. Often, the halving of block rewards will directly lead to a huge increase in the price of cryptocurrency. In 2017, Bitcoin had a big bull market, and Bitcoin started a new round of block reward halving in 2016.
Omkar Godbole, an analyst at Coindesk, said that although there may be buying of LTC in the next few days, since the market has already digested the positive news of LTC halving in the past six months, the LTC price should not rise sharply as the halving date approaches.
The price of LTC was $30 on January 1 this year and $61 at the end of the first quarter, an increase of 100%. According to data released by CoinDesk on March 31, this is the highest increase in LTC's history.
More importantly, although BTC performed mediocrely in the first quarter of this year and did not show an upward trend, and although there was no driving force from the broader market, LTC still achieved amazing growth in the first three months of this year.
Essentially, LTC entered a bull run long before BTC’s trend shift from bears to bulls, with BTC surging above the critical resistance level of $4,236 on April 2. LTC went on to hit highs above $140 in June of this year, before retreating to $80 earlier this month.
Since mid-December last year, LTC's non-price indicators have also risen sharply, setting new highs several times in the past few months. For example, according to data from bitinfocharts.com, on July 14, the hash rate (computing power) miners mined rose to 523.81/s, up 258% from the low of 146.21/s in December 2018.

Will history repeat itself?

Litecoin is about to be halved, you must remember these knowledge points <br />Litecoin was born in 2011 and was one of the earliest "competitive coins" derived from Bitcoin. Its mining mechanism and other models are highly consistent with Bitcoin.
According to the pre-set, the Litecoin mining halving cycle is 840,000 blocks, that is, the reward will be halved every 840,000 blocks. Litecoin produces one block every 2.5 minutes on average, so like Bitcoin, it will experience a halving of rewards every four years on average.
August 2019 marked the second halving of LTC, which gained 100% in the first quarter of the year, reaching highs above $145 in June. However, the recent drop to $80 is reminiscent of the price action in the months prior to August 25, 2015.
Litecoin's first halving took place in August 2015. At that time, the price of LTC soared from $1.4 in early May to $8.7 in mid-July, the highest level of the year, due to the early start of the expected halving. After that, the price of LTC began to fall, hovering around $2.5 after the halving on August 26, but rebounded quickly within two weeks.
More importantly, after the reward halving, LTC’s price remained stuck in a tight range of $2.5 to $5.5, with strong buying not seen until April 2017.
If history is any guide, LTC may see a sideways trend following next week’s halving unless BTC heads towards new highs of $20,000.

After the halving, miners' mining enthusiasm may decrease <br />Miners' mining profitability may drop by 50% along with block rewards, because mining difficulty rarely adjusts immediately. Therefore, some miners may turn to other currencies.
If miners withdraw from the competition or switch to other more profitable currencies, the Litecoin hashrate will decrease. As competition decreases, the profitability affected by the halving may be compensated.
However, with inflation dropping from the current 8.4% to 4%, LTC’s hashrate could improve in the coming months, which could bode well for LTC’s price. This would make up for the decline in mining profitability.
It is worth noting that according to Binance Research, in the next two weeks, LTC's computing power fell by 15% before rebounding. (Planet Daily)