Litecoin (LTC) Jumps 16% as Hashrate Hits New High

U.Today
U.Today

30 Jun 2023 11:06 AM

Litecoin leads market uptrend today as hashrate hits second high in week...

  • Litecoin (LTC) is one of the best performing altcoins, with a growth rate of 16.42% in the past 24 hours.
  • The Litecoin protocol is experiencing positive fundamentals, including an increase in miners joining the network, leading to a higher hashrate and improved security.
  • The current Litecoin hashrate is 745.39 TH/s, indicating decentralization and security.
  • Litecoin has seen significant hashrate and price growth in recent weeks, with a 6.77% increase this month.
  • The upcoming halving event in August, which reduces mining rewards by half, is contributing to the attractiveness of Litecoin.
  • The halving introduces deflation and may have a long-term impact on the price of Litecoin.

The article has a positive sentiment, highlighting the positive fundamentals and growth of Litecoin, as well as the upcoming halving event.

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