You must have heard of halving, and you know exactly what it is?
The reward is halved in the bitcoin network every 210,000 blocks. In 2012, this reward was reduced from 50 to 25 coins. In 2016, the so-called halving halved and dropped from the then 25 to the current 12.5 bitcoin. At the next halving (18 May 2020 15:27:31), the reward of coins will be halved again, from 12.5 to 6.25 bitcoin. Miners are motivated by this remuneration in their activities and they are an important part of their profit together with the fees for network transactions, which they verify and deposit in the above mentioned blocks.

If you are wondering when exactly this "half-time" will occur, how much coins are mined every day and how many blocks are created daily in the blockchain, you can get exactly this information via the link below. You will also learn the current performance of the entire network or how much has been mined since the inception of bitcoin and many other interesting information. At the bottom of the page you can switch to the same information on the Litecoin cryptocurrency (LTC) currently on the 4th position on CoinMarketCap according to the market capitalization.
Halving Litecoin will be out in 4 days. Exactly 05 Aug 2019 09:13:12.