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So far, it isn't looking too good for the Bitcoin fork which recently experienced resurgence.

Litecoin has executed its third halving event on Wednesday, reducing block rewards for miners from 12.5 to 6.25 Litecoins per block.

Today's Litecoin halving reduces the LTC block reward for Litecoin miners by 50% to 6.25 LTC, contributing to the asset's scarcity and deflation.

The Litecoin network officially went through its halving event, reducing the block reward to 6.25 LTC.

Litecoin block rewards have now halved to 6.25 LTC as the halving clock is reset for another four years.

The blockchain's "halving," where the pace of new issuance of cryptocurrency gets cut in half every four years, took place Wednesday, when it reached data block 2,520,000.

"We deeply regret any inconvenience this might cause and we remain grateful for your unwavering support and understanding," the exchange wrote.

Litecoin's latest halving has become a central topic of discussion in the cryptocurrency market. With the upcoming halving event, miners will receive half the reward they used to for producing blocks.

Cryptocurrencies remain a realm of excitement and surprises, where market sentiments sway with various factors. As Ripple (XRP) basks in favorable legal rulings, investors are keeping a keen eye on two other promising cryptocurrencies: Borroe Finance ($ROE) and Litecoin (LTC).

Today marks a significant moment in Litecoin's timeline, as the much-anticipated halving takes place. What will happen to Litecoin price?

The third halving of Litecoin is just hours away. The block reward will automatically adjust from 12.5 to 6.25 LTC, making Litecoin a deflationary currency with a predictable monetary supply.

The highly anticipated Litecoin (LTC) halving will occur later today, Aug. 2, marking the third event in the cryptocurrency's history. According to litecoinhalving.com, the Litecoin network will reach a block height 2,520,000 around 3:16 pm UTC, reducing the block reward from 12.5 LTC to 6.25 LTC.

Litecoin, one of the leading cryptocurrencies in the world, has found itself at the center of attention as anticipation for its upcoming halving has surged.

On-chain data shows that Litecoin traders are showing signs of capitulation as the asset's much-anticipated halving event is only a few hours away now. Is Litecoin Halving A Buy The Rumor, Sell The News Event?

Maintaining a positive trend in the weekly chart, LTC price shows a 94% recovery in the last year. Rising above the $100 psychological mark after a year, Litecoin's price fails to sustain the uptrend due to increased overhead supply.

The Litecoin (LTC) community is buzzing with excitement as the much-anticipated third halving event is set to take place today. This event will see the miners' block reward reduced from 12.5 units to 6.25 coins, marking a significant reduction in Litecoin inflation.

The LTC price comes under pressure just hours before the Litecoin halving event ahead on Wednesday.

Litecoin (LTC) is scheduled for its halving event on August 2, and the upcoming halving is expected to happen specifically at block 2,520,000.

In the world of cryptocurrencies, Litecoin, often referred to as “digital silver,” stands out as a popular Bitcoin fork. With an upcoming halving event scheduled for August 2, 2023, investors and enthusiasts are eagerly anticipating the potential impact it could have on the long-term price momentum of Litecoin (LTC).

Litecoin (LTC) price has fallen since the upward correction on July 13.

As Bitcoin approaches its own halving next year, Litecoin's has already arrived, as miner block rewards go from 12.5 to 6.25 LTC per block later on today. The silver to Bitcoin's gold When Litecoin creator Charlie Lee read an article in 2011 about this new form of payment that was being used on the Silk Road at the time he was immediately intrigued, and set about copying many aspects of the Bitcoin code in order to produce his own blockchain which he called Litecoin.

Litecoin price is showing a rather unexpected movement ahead of the halving event, expected later on Wednesday. Unlike Bitcoin (BTC) and Ethereum (ETH) which are slightly in the green, LTC is in the red, trading at $90.

With less than nine hours until the anticipated Litecoin halving at 4:34 p.m. UTC, it seems that the digital asset might be caught in a classic "buy the rumor, sell the news" situation.

The Litecoin Network, created in 2011 as a fork of Bitcoin, is set to implement its third mining-reward halving later Wednesday, reducing the pace of expansion in the supply of its native token, LTC.