What will happen to mining and the price of Litecoin after halving?

Halving Litecoin will happen in exactly 56 days. Award for unit of the cryptocurrency will fall exactly two times from 25 to 12.5 LTC. On the basis of the economic model of the coin, there are quite reasonable questions about the future of mining coins. In addition, while no one knows exactly how halving will affect the price of the asset.

At the moment LTC is trading at 128 dollars. In the past 24 hours Litecoin went up by 1.63 percent. Apparently, the growth of cryptocurrencies will continue for at least another month.

What will happen to the price?

In the stock market value of all assets is based on the balance of supply and demand. Traditionally, halving is considered one of the key factors for the growth of cryptocurrencies, because a significantly reduced offer coins on the market. Consequently, investors can count on a long-term uptrend.

Source: TradingView

In the case of Litecoin, this trend has not been confirmed yet on all hundred. Since the beginning of the weeks LTC has risen almost 13 percent, while the coin set a new local maximum at $ 130. On the chart has formed a clear apten, and while the cryptocurrency should be in his direction.

What will happen with mining?

In theory, the miners will receive less money. In practice all not so. More features of Kalinga explained the Creator of the coin Charlie Lee.

Here are some statistics concerning the profitability of mining. After halving miners will still be able to profit if the electricity price exceeds 10 cents. Many pay only 5 cents, so halving not have a serious impact on their income.

Source: Coingape

Note on the table. Profitability Antminer L5 will be reduced from 5.21 to 1.75 per dollar. Note that over time, in dollars mining Litecoin can become even more profitable due to the increase in its value. To test this, visit a mining pool 2Miners.


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