Litecoin Overtakes Bitcoin in Gains Ahead of Halvening – Trustnodes

Litecoin has quadrupled over the past six months and is up 40% from last year taking now fourth position below XRP with a market cap of $8.6 billion.

While bitcoin has gained “only” 130% over the past six months and 20% over a year.

Litecoin’s price, June 2019

Litecoin has risen from $30 to now $140 in just three months ahead of its halvening in 54 days estimated to fall on or around August 7th.

It is the second halvening for litecoin, reducing its block rewards from 25 btc to 12.5 btc per block.

Inflation too is to fall considerably from a current 8.8% to 4.2%, bringing it roughly in line with bitcoin and ethereum.

Mining will remain still profitable in China, some remote regions in USA, and some parts of Europe like Iceland provided electricity costs are about 5 cent per…

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