This forgotten coin could surprise everyone before its next halving
CoinDesk 2026-06-24 11:36:13
Context: Litecoin, one of the earliest altcoins, may surprise investors with its upcoming reward halving due next year, potentially outperforming the broader market, including bitcoin. Historically, Litecoin's price has tended to bottom out 6-12 months before its halving events. The cryptocurrency's fourth reward halving is scheduled for around July 27, 2027, when the block reward will drop by 50% to 3.125 LTC.
Key Facts
- Litecoin's fourth reward halving is due around July 27, 2027, when the block reward will drop by 50% to 3.125 LTC.
- Litecoin's price has historically bottomed out 6-12 months before its halving events, such as in June 2022 when it reached a low of around $40, just over a year before the third halving on August 2, 2023.
- In the period leading up to its third halving, Litecoin's price rallied to as high as $114 by July 2023, before pulling back to $80 in the lead-up to the event.
- Litecoin's DeFi ambitions are progressing, with its EVM-compatible virtual machine, LitVM, processing over 63 million transactions since its testnet launch in April, and over 1.5 million wallets created in the past two weeks alone, pushing the total to over 4.4 million.
- As of June 24, 2026, Litecoin's price is trading at $41.84, close to its 2022 bear market low of $40, making it one of the few prominent decade-old coins trading near its previous bear market low.