According to a post from the Litecoin Foundation official Twitter account cryptocurrency Litecoin’s (LTC) hashrate has reached an all-time high.
developers LTC He stated that the network difficulty was instantaneously seen at 886 TH/s while 2,423,170 blocks were processed. This is the case for crypto miners. Litecoin He showed more interest in working on it.
Litecoin’s Hashrate climbs to hit a new All Time High of 886.17 TH/s!! A direct illustration of the steady, healthy, & maturing growth of the $LTC network and Litecoin’s network security! #Litecoin⚡ pic.twitter.com/OxEmC7IilI
— Litecoin Foundation ⚡️ (@LTCFoundation) February 16, 2023
The mining difficulty of the biggest crypto Bitcoin is around 24.5 million TH/s.
The crypto community has matched the rise in Litecoin hashrate with the rise in LTC coin price. However, the data shows that the LTC price has only increased by 40% since the beginning of the year.
Many close to Litecoin’s market cap altcoin Considering that it gained an average of 80% value in the same time period, we can interpret this performance as insufficient.
Crypto analytics platform Santiment is mixed on Litecoin. on-chain shared data.
Number of Active Addresses Decreased
According to the on-chain data, the number of active addresses in the LTC network is decreasing. The decrease in the active address may have a negative impact on the Litecoin price in the coming days.
In addition to this negative data, the funding rate in the leveraged market and the rise in LTC social media volume are confusing investors.
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