Litecoin's block reward halving reduces the number of Litecoins rewarded to miners for validating blocks on the blockchain. This event occurs approximately every four years and has a direct impact on the coin's supply and mining dynamics.
When the block reward halves, the rate at which new Litecoins are created also decreases, leading to a reduction in the overall supply of Litecoins entering circulation. This scarcity can potentially drive up the value of Litecoin as demand remains constant or increases.
In terms of mining dynamics, the block reward halving makes mining less profitable for miners as they receive fewer Litecoins for_
