LTC halving refers to an event in which the reward for mining Litecoin is cut in half. This occurs approximately every four years or after a set number of blocks are mined, specifically every 840,000 blocks. During this event, miners receive fewer coins for the same amount of work, which impacts the overall supply of Litecoins. Halving is designed to control inflation and mimic the scarcity of precious resources like gold. The reduction in rewards can lead to an increase in the price of Litecoin if demand remains steady or rises, as fewer coins are being created. Investors often pay close attention to these events, as past halvings have been associated with significant price surges.In summary, LTC halving is a crucial event that affects the mining reward and can have implications for the market dynamics and price of Litecoin.