Litecoin and Its Future

If you take a look at prices today you can see that litecoin has slipped into a rather bearish market as of the last month with minimal moves over the last 25 days. It seems like all the love has turned to other assets such as BAT and Tezos with new announcements coming from them.

But don't count litecoin out just yet. I have a strong feeling the LTC (litecoin) is getting primed for another bull run.

That bull run still fueled by the same core of it halving from 25 coins per block down to 12.5 per block in just 129 days. That is still some time away however now could very well be a great time to start stocking up on extra litecoin if you feel the price will shoot up once we get closer to halving.

When you think about it a reduction of 12.5 coins per block or roughly 7,200 litecoin mined per day from the 14,400 we see daily today its clear to see why this would act as a major reduction in supply. Over the course of a year that is over 2 million less litecoins to be mined.

Litecoin still provides a great way for people to exchange funds between each other with fast block times of 2.5 minutes.