[Analysis] Litecoin is ‘halving’ soon: What’s happening and what you should know

In approximately five days, Litecoin ($LTC) will undergo a scheduled block reward halving within the next week, a process that is designed tpo preserve the cryptocurrency's purchasing power. Litecoin mining rewards are currently set at 25 LTC per block and will drop to 12.5 litecoins ($1,200) per block on 5 August 2019. CoinDesk's Omkar Godbole explains why the halving event is significant to investors, developers, traders, and anyone involved in the ecosystem. And he breaks down what a casual observer can expect from the halving event. The halving, therefore, sounds similar to interest rate hikes and other measures initiated by central banks across the globe when combating high inflation, so investors may feel tempted to snap up litecoins while heading into the event.