Litecoin price and hashrate diving down; what’s next? | Crypto Craft

  • Litecoin price and hashrate diving down; what’s next?

    From bitcoinist.com

    The increasingly troubled altcoin, currently the fifth-largest cryptocurrency by market cap, has lost 30% of its value since the halving, which occurred on August 5. Data from monitoring resource Bitinfocharts.com confirmed the drop. At press time Wednesday, LTC/USD traded at $72.35, its lowest since the start of May. The grim reading for Litecoin investors capitalizes on the teething problems which have beset for Litecoin and altcoins more broadly this year, as Bitcoin soars at their expense. As Bitcoinist reported, investors were hopeful that the halving would push up demand and increase price performance. The ... (full story)

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Hasher
Aug 28, 2019 1:03pm
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Seems like all alts are tanking, not just LTC.

The hash rate has dipped (see: https://bitinfocharts.com/comparison/litecoin-hashrate.html), but it is no means in any trouble, as the hash rate goes down so does difficulty (see: https://bitinfocharts.com/comparison/litecoin-difficulty.html).
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