August 5, 2019 Litecoin undergoes ‘halving’ after reaching block height 1,680,000, dropping block rewards from 25 to 12.5 LTC.

The transition, which takes place every 840,000 blocks, or roughly every 4 years, last occurred in 2015. Some attribute a brief rise in LTC prices to this ‘halving,’ citing market reactions to past BTC and LTC halvings, though this emission reduction was expected and may have been previously accounted for in the market price.