Next Litecoin Halving
Block #3,360,000 • ~July 2027
Current Block
3,038,892
Blocks Remaining
321,108
Current Reward
6.25 LTC
After Halving
3.125 LTC
What is Litecoin (LTC)?
Litecoin (LTC) is a peer-to-peer cryptocurrency created by Charlie Lee in October 2011. Often referred to as "the silver to Bitcoin's gold," Litecoin was designed to be a lighter, faster alternative to Bitcoin for everyday transactions.
Litecoin is a source code fork of the Bitcoin Core client, with key modifications including a decreased block generation time (2.5 minutes vs 10 minutes), increased maximum supply (84 million vs 21 million), and a different hashing algorithm (Scrypt vs SHA-256).
The network went live on October 13, 2011, after the genesis block was mined on October 7, 2011. Charlie Lee notably released Litecoin to the public after mining only 150 coins, ensuring a fair launch.
4x Faster
2.5 minute block time vs Bitcoin's 10 minutes
84 Million Max
Four times Bitcoin's 21 million supply
Scrypt Algorithm
Memory-hard algorithm resistant to ASIC dominance
Wide Adoption
Supported by most exchanges and wallets worldwide
Charlie Lee: The Creator
Charlie Lee
Creator of Litecoin
Birthplace
Ivory Coast (1977)
Education
MIT - Computer Science (BS & MS)
Career
Google Engineer (2007-2013), Coinbase (2013-2017)
Achievement
Created Litecoin in October 2011, released after mining only 150 coins
"Litecoin is the silver to Bitcoin's gold. It was designed to be a lighter, faster alternative for everyday transactions."
— Charlie Lee
What is Litecoin Halving?
Litecoin halving is a programmed event that occurs every 840,000 blocks (approximately every 4 years). During a halving, the block reward given to miners is cut in half, reducing the rate at which new LTC enters circulation.
When Litecoin launched in 2011, miners received 50 LTC per block. After the first halving in 2015, this dropped to 25 LTC. The second halving in 2019 reduced it to 12.5 LTC, and the third halving in August 2023 brought it down to the current 6.25 LTC per block.
This mechanism ensures Litecoin's scarcity over time, with all 84 million LTC expected to be mined by approximately 2142.
Increased Scarcity
Reduced supply growth increases scarcity, potentially affecting price
Mining Economics
Miners receive fewer LTC, requiring price adjustments for profitability
Market Attention
Halvings typically generate media coverage and investor interest
Litecoin Halving History
| Halving | Date | Block | Reward | Price | Peak Gain |
|---|---|---|---|---|---|
| #1 | 2015-08-25 | 840,000 | 5025 LTC | $2.96 | +52% |
| #2 | 2019-08-05 | 1,680,000 | 2512.5 LTC | $99.32 | +316% |
| #3 | 2023-08-02 | 2,520,000 | 12.56.25 LTC | $91.50 | +61% |
| #4 | 2027-07-27 | 3,360,000 | 6.253.125 LTC | — | Pending |
Halving #1
2015-08-25Block reward changed from 50 LTC to 25 LTC
Peak price: $4.51 (+52%)
Halving #2
2019-08-05Block reward changed from 25 LTC to 12.5 LTC
Peak price: $412.96 (+316%)
Halving #3
2023-08-02Block reward changed from 12.5 LTC to 6.25 LTC
Peak price: $147.00 (+61%)
Litecoin vs Bitcoin
| Feature | Litecoin (LTC) | Bitcoin (BTC) |
|---|---|---|
| Max Supply | 84 Million | 21 Million |
| Block Time | 2.5 Minutes | 10 Minutes |
| Halving Interval | 840,000 Blocks | 210,000 Blocks |
| Mining Algorithm | Scrypt | SHA-256 |
| Launch Date | October 2011 | January 2009 |
| Founder | Charlie Lee | Satoshi Nakamoto |
| Transaction Speed | ~2.5 min | ~10 min |
| Current Block Reward | 6.25 LTC | 3.125 BTC |
Key Takeaway
Litecoin processes transactions 4x faster than Bitcoin with lower fees, making it ideal for smaller, everyday transactions. While Bitcoin is often seen as "digital gold" for store of value, Litecoin serves as "digital silver" for practical payments.
Future Litecoin Halvings
Where to Trade Litecoin
Frequently Asked Questions
When is the next Litecoin halving?
The next Litecoin halving is expected around July 27, 2027, when the blockchain reaches block 3,360,000. The block reward will decrease from 6.25 LTC to 3.125 LTC.
How often does Litecoin halving occur?
Litecoin halving occurs every 840,000 blocks, which is approximately every 4 years given the 2.5-minute average block time.
Does Litecoin halving affect the price?
Historically, Litecoin has seen price increases following halvings, though past performance doesn't guarantee future results. The reduced supply growth creates scarcity, which can positively impact price if demand remains constant or increases.
Who created Litecoin?
Litecoin was created by Charlie Lee, a former Google engineer, in October 2011. He designed it as a "lighter" version of Bitcoin with faster transaction times and a different mining algorithm.
What is the maximum supply of Litecoin?
Litecoin has a maximum supply of 84 million coins, exactly four times Bitcoin's 21 million. As of 2026, approximately 74.5 million LTC have been mined.