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Today, 12th day of January 2019, Litecoin is to party a milestone after the issue of the 60 millionth coin in circulation. After extracting the # 1560000 block, the system now has about 71.5% of its total coins possible to produce in circulation. This data is provided by LitecoinBlockHalf, a website dedicated to monitoring the Litecoin network statistics. After this milestone, there are now 24 million coins to be extracted which according to Litecoin.com should be extracted within the year 2142.
Litecoin is also this year Community and the network marks another significant event for which the block premium is expected to be halved by the current 25 Litecoin to 12.5 Litecoin. This event is called is called the Halving Reward and according to the data provided by LitecoinBlockHalf there are about 3 million coins left until the next halving. The blocks left to be mined up to the half-life are also about 120,000 blocks while the halving takes place every 840,000 blocks. A simple calculation using the current block generation time of 2.5 minutes, halving the block should be activated after 208 days from today, which is August 8th.th, 2019.
litecoin has a deflationary figure of around 9.15%, but after halving in August, this should also be halved to about 4.09%. Following these new conditions, the next target of 70 million coins will not be expected until mid-2022.
Litecoin did not spare the weight of the bear that followed the fall of Bitcoin in 2018, which saw Bitcoin lose more than 80% of its value in the last 13 months. Litecoin suffered a decline of over 90% over the same period. it is currently trading against the US dollar at ~ $ 32. It is an expected upside when the currency is rewarded in August, but until then, the bear market remains stable as it does not seem be falling at any moment.
