Litecoin Halving is the halving of miner reward which is done to limit (indirectly) the supply of the crypto and hence reduce the inflation rate in the market. The supply reduces indirectly as there are less number of newly generated coins that flow in the crypto market. When the miners are rewarded, they sell their reward (newly generated coins), so as to equalise their expenditure on the mining process (mining rigs, electricity consumption, etc).
There is a general fear among some people regarding this whole
Litecoin halving ordeal. But worry not, as this will actually improve the Litecoin market. By indirectly reducing the supply, the coin inflation (in an ideal situation) will go down, and hence the value of Litecoin will increase in terms of fiat currencies.
Some of the basic features of Litecoin Halving are:
1. The mining reward will become 12.5 LTC
2. The halving will occur in Aug' 19 (most probably 8th August)
3. Total LTCs to ever be produced is 84,000,000
4. Total LTCs in circulation is 62,010,275
5. LTCs generated per day is 14,400
6. Percentage of LTC mined is 73.82%
But again, these results will occur in an ideal situation. Nothing can be said for sure as the cryptocurrency market is highly volatile, and the results mentioned above should technically happen.