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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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  • Category: Fundamental Analysis