The halving of lytecoin (LTC) on Aug. 2 reduced the reward to miners for mining a block on the network from 12.5 LTC to 6.25 LTC.
The previous halving took place on August 5, 2019. However, it did not lead to a significant change in the LTC exchange rate.
Over the past four years, the cryptocurrency’s price has returned to $91 after soaring between 2020 and 2022, IntoTheBlock found out.