Only 28% of LTC now remains to be extracted while the halved Litecoin clock drops to August 2019

According to data provided by LitecoinBlockHalf, a total of Litecoin 60 million has been extracted. The eighth largest cryptocurrency Litecoin (LTC) reached a new milestone with the creation of 71.44% of LTC.

As of January 12, 2019, the block # 1560000 has been extracted. According to the Litecoin algorithm, the total Litecoin limit to be produced is never set at 84 million. This means that only 23.991.625 LTC, or about 28 percent, are now extracted.

The litecoinblockhalf.com website runs live "Litecoin Block Reward Half countdown"It also provides data that specifies that 14,400 Litecoins are generated on a daily basis, generating approximately 576 blocks per day with an approximate 2.5-minute block generation time.

Source: https://www.litecoinblockhalf.com/

Litecoin Halving is only 7 months away

In the meantime, an important event, litecoin the halving is just over six months, which should adjust the mineral reward. The next halving should happen at the beginning of August, ie around the 8th, this year at 10:46:54.

With only about 207 days left for Litecoin to halve, the event will decrease the reward of the 25 LTC coin to 12.5 coins.

This means that the final Litecoin should be extracted in 2022 as put by Litecoin.com, "It also means that since Litecoin is deflationary we will not see the finish line of the 70M until about 1330 more days, or towards the middle of 2022."

Furthermore, "The last Litecoin is estimated to be mined in 2142 according to the mathematics of the system, at this point 0.00000042 Litecoin will be the reward for the blockade".

Litecoin in 2019

With the half-life of Litecoin coming this year, 2019 seems to have a lot of excitement for Litecoin enthusiasts and investors.

This year, the Litecoin Foundation, according to its latest to send will focus on promoting the adoption and growth of the Lightning network litecoin, Atomic Swaps and privacy features.

The plan also covers the long-term use of its stake in the German WEG bank in order to build solutions in the financial sector relating to credit, remittances and microfinance. When it comes to price, the market capitalization cryptocurrency of $ 1.95 billion is currently trading at around $ 32.

Litecoin price chart, Source: Coinmarket

Bitcoin's silver for gold, this cryptocurrency is currently declining by more than 91 percent from its all-time high to around $ 360 in December 2017.

This was when Bitcoin and Altcoin reached their heights. However, the creator of Litecoin, Charlie Lee had warned the enthusiasts to "reign in excitement", as he said, "if you can not handle LTC going down to $ 20, do not buy".