Why LTC halving was this done?

Conventional FIAT currencies allow governments or banks to print money and cause inflation. In Litecoin's case, the total supply will be maxed out at 84,000,000 LTC. Printing extra money causes inflation, if there is no extra money printed, the value of the Litecoin should increase as the demand will rise (more people will start to use Litecoin) and supply will lower or stay flat (no more Litecoins are "printed"). This makes Litecoin similar to gold, which has limited supply and cannot be "printed" or artificially created.

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