{"id":392227,"date":"2019-08-05T12:30:32","date_gmt":"2019-08-05T12:30:32","guid":{"rendered":"https:\/\/wncen.com\/?p=392227"},"modified":"2019-08-05T12:10:36","modified_gmt":"2019-08-05T12:10:36","slug":"litecoin-surges-14-in-post-halving-spike-next-one-in-2023","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/litecoin-surges-14-in-post-halving-spike-next-one-in-2023\/","title":{"rendered":"Litecoin Surges 14% in Post-Halving Spike, Next One in 2023"},"content":{"rendered":"

All eyes have been on Bitcoin today as the king of crypto cranked ten percent to tap $11,800 during earlier Asian trading. The altcoins have been slow to react as usual but they are starting to wake up now with Litecoin leading the way in a post-halving pump.<\/p>\n

Litecoin Spikes 14 Percent<\/h2>\n

Usually price pumps happen before halving events but Litecoin has started spiking a few hours ago. From an intraday low of around $92 LTC surged through the psychological $100 barrier to top out at $107 an hour or so ago according to Tradingview. The move has added 14 percent to Litecoin prices over the past 24 hours.<\/p>\n

\"litecoin\"<\/a>
LTC price one hour chart – Tradingview.com<\/figcaption><\/figure>\n

Initially the momentum was driven by Bitcoin\u2019s blast as Chinese buyers started loading up<\/a> earlier this morning. A weakening local currency has driven them into offshore assets such as BTC as Trump\u2019s trade war escalates. Often seen as silver to Bitcoin\u2019s gold, Litecoin may also be viewed as a solid investment at less than 9 percent of the price of BTC.<\/p>\n

Litecoin has now halved with the next one due in 2023, 1458 days away according to the block half counter<\/a>. Around 75 percent of all Litecoins have already been mined with 63 million in circulation out of a total of 84 million. The halving has also decreased annual inflation to 4.26 percent which has the effect of potentially increasing value while appearing to decrease the supply.<\/p>\n

Founder Charlie Lee<\/a> has noted that blocks are being created much faster than the expected 2.5 minutes which is a good sign of network health.<\/p>\n

\u201cSince the halving, 12 blocks have been found in 17 minutes.
\nSeems like miners have not shut off their hashrate at all. Instead, we are mining at a rate of a block every 1.4 minutes on average, which is much faster than the expected 2.5 minutes.
\nLitecoin network is healthy!\u201d<\/p><\/blockquote>\n

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Since the halving, 12 blocks have been found in 17 minutes.<\/p>\n

Seems like miners have not shut off their hashrate at all. Instead, we are mining at a rate of a block every 1.4 minutes on average, which is much faster than the expected 2.5 minutes.<\/p>\n

Litecoin network is healthy! pic.twitter.com\/xvgefqIPtP<\/a><\/p>\n

— Charlie Lee \u24c2\ufe0f\ud83d\udd78\ufe0f (@SatoshiLite) August 5, 2019<\/a><\/p><\/blockquote>\n