Litecoin miners will now receive 12.5 litecoin (ltc) as the block subsidy for successfully appending blocks. The block subsidy halving took place at block height 1,680,000. Litecoin prices outperformed other major cryptocurrencies in the months leading up to the halving. The price of litecoin traded above $140 in June but has since depreciated to below $100. The price rose above $100 briefly after the halving but currently trades at $98. It is uncertain whether the fees users pay to transact on the Litecoin network will rise to compensate for the reduced block subsidy.