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Lite-tastic — The Litecoin Halving and Taking Self Custody
The next big event on the crypto calendar is the upcoming Litecoin halving. Litecoin is a proof of work altcoin that is popular for people transfering funds around with its relatively low transaction costs.
Other than hodling, I could not find any other usecases for Litecoin. Therefore, it seems useful for transferring funds cheaply and as a store of value only.
We are now inside the 30 day countdown to the halving and there are some expectations that there could be a pump in Litecoin. Inflation will drop to around 1,8% with block rewards reducing from 12,5 LTC to 6,25 LTC per block.
If you were lucky enough to pick up some Litecoin late last year when it was under $50, you are already up over 100%. Since then, it has been pumping quite abit, although it did have a pullback to around $66.
There will only ever be 84m LTC made which is 4x the amount of Bitcoin, although do…
