Litecoin was one for the many cryptos that didn't quite get dragged by Bitcoin upward move. Now, almost the whole market is in the red, but that's not what the story is about here. Litecoin's own Charlie Lee doesn't think things will be getting any better especially in August.
According to Charlie Lee, the upcoming LTC block reward halving could send the crypto's market standing stumbling and positively affect its price downward. First off, a block reward halving means that miners will now get half as much as they were getting for committing their computing hardware in solving complex algorithmic problems associated with confirming network transactions. This hardware doesn't come cheap.