Litecoin halving? What was the effect?

The long-awaited Litecoin halving has occurred on Monday with block rewards dropping from 25 litecoin to 12.5 LTC.

Half of the crypto bulls have portrayed seismic economic events, in which a sudden drop in supply increases demand.

Instead of the expected enormous increase, the LTC price only went up by 6%.

Much of the movement took place before the surge - due to the hype, no supply, as outlined in an article published by Bloomberg last week.

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