![\"LTC](\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-07-at-3.12.26-PM-1024x664.png\")
The higher the mining difficulty rate, the more computing resources will be required to achieve consensus and find a block. This leads to a fierce competition among miners to mine the blocks quickly.<\/p>\n
Like its parent, Litecoin has 84 million mineable coins, and close to 71.5 million coins are already mined and in circulation. Litecoin uses ASIC (application-specific integrated circuit) to mine new coins.<\/p>\n
In the last one month, the price of Litecoin (LTC) has appreciated by over 33%, reaching a high of $72.61, compared to Bitcoin (BTC), which is only up by over 8% during the same period. LTC\u2019s all-time high level is $387, recorded in May 2021.<\/p>\n
Last Wednesday, the price of Litecoin spiked by over 13% in a single day after payments-giant MoneyGram said that it will soon allow US customers to buy and sell BTC, ETH, and LTC on its platform.<\/p>\n
Litecoin halving slated for 2023<\/h3>\n
A bitcoin fork created in 2011, Litecoin follows the tokenomics of Bitcoin, including the halving process.<\/p>\n
In 2023, Litecoin will experience the third halving event, undergoing a reduction of the current supply rate of new tokens from the current 12.5 LTC to 6.25 LTC for every block. The event occurs every four years.<\/p>\n
Litecoin has a block time of 2.5 minutes, meaning a new block is created every 2.5 minutes, which adds 12.5 LTC into circulation.<\/p>\n","protected":false},"excerpt":{"rendered":"
After Ethereum made an exit from the resource-intensive mining process to verify transactions and add blocks to the chain, the miners largely focused on mining Bitcoin. Yet, there are a few crypto coins in the market that are still attracting a lot of miners and one such is Litecoin. On 4 November, Litecoin\u2019s foundation made […]<\/p>\n","protected":false},"author":67,"featured_media":27119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6536],"class_list":["post-27111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Deepan Datta\",\"description\":\"A keen observer of the crypto market and believes crypto\/blockchain will bring the next phase of the industrial revolution and build an inclusive society.\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/deepan\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ea29018d03e4615947c5df3ce7b4030b?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Article Default Disclaimer"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/27111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=27111"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/27111\/revisions"}],"predecessor-version":[{"id":27121,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/27111\/revisions\/27121"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/27119"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=27111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=27111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=27111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}