- Litecoin’s network activity dropped as its number of transactions declined.
- LTC’s price declined sharply last week, and market indicators were bearish.
Litecoin [LTC] recently completed its third halving on 2 August 2023, reducing miners’ rewards by half. In its latest tweet, the blockchain revealed that its mining sector has been witnessing tremendous growth, with a key metric even getting close to touching a new all-time high.
How much are 1,10,100 LTCs worth today
However, a closer look at Litecoin’s network stats painted a different picture. Additionally, the halving also did not have an immediate positive impact on the coin’s price, as its chart continued to remain red.
Is Litecoin growing after halving?
Litecoin posted a tweet on 6 August, highlighting the growth of its mining sector. As per the tweet, the blockchain’s mining difficulty had touted a new all-time high of 27.05M, while its hashrate was closing in on its ATH.
Litecoin’s Hashrate is currently at getting close to hitting a new all time high. Currently at 933.2 TH/s, with difficultly just touching on a new ATH. $LTC is stronger than ever!
Despite what you may read in the ‘press’. pic.twitter.com/0hEgED09kd
— Litecoin (@litecoin) August 6, 2023
But, a check on its mining metrics suggested that the blockchain’s key stats were actually declining after the halving event. Coinwarz’ chart
Go to Source to See Full Article
Author: Dipayan Mitra
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
