• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Saturday, April 1, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Litecoin Price and Hashrate Diving Down; What’s Next?

5 September 2020
in Litecoin
Reading Time: 2 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT



Litecoin’s hash rate has declined by over 30% since its block size halving event earlier this month, the latest data shows. 


Litecoin Trades At Lows Against USD

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. 

Related articles

Litecoin Bearish Signal: Whale Deposits $37.4M In LTC To Binance

Litecoin Bearish Signal: Whale Deposits $37.4M In LTC To Binance

15 December 2022
Litecoin “Mega Whales” Now Hold 15.4% Of Supply, Highest Since June 2017

Litecoin “Mega Whales” Now Hold 15.4% Of Supply, Highest Since June 2017

13 December 2022

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. 

[crypto-donation-box]

As Bitcoinist reported, investors were hopeful that the halving would push up demand and increase price performance. The event reduced the amount of LTC available for each mined block of transactions from 25 LTC to 12.5 LTC. 

Bitcoin’s next halving is scheduled for May 2020, with mounting research pointing to a serious boost for markets as a result. 

For Litecoin, however, that boost never came. In fact, miners appeared to conversely lose interest immediately after the halving. 

A loss of hash rate means participation in mining is lower, which in turn reduces the security of a Proof-of-Work (PoW) blockchain such as Litecoin’s. 

The statistics are the latest blow to the altcoin’s fortunes. Previously, publicity difficulties ensured, focused mainly on creator Charlie Lee’s sell-off of his holdings in 2017. 

While Lee said he remains committed to Litecoin development, critics widely panned the move as an admission that the token’s value was unlikely to surpass its levels at the time. 

XRP, Ethereum Feel Chill Of ‘Altcoin Winter’

That prophecy turned out to be true, as the altcoin winter of 2018 remains ongoing. As Bitcoinist noted, other major tokens have suffered a similar fate. 

Cryptohopper
ADVERTISEMENT

This week, Ripple, the entity linked to third-largest crypto XRP, entered into a partnership with MoneyGram. The move saw XRP volumes surge, but XRP/USD failed to react, instead continuing to fall. 

Markets have felt constant pressure in 2019 due to Ripple’s huge sell-offs, which totaled more this year than any other in the coin’s history. 

Ethereum too has felt the pinch. The largest altcoin currently languishes at multi-year lows against Bitcoin, as critics ramp up their rhetoric about its future. 

Blockstream CSO Samson Mow described Ethereum as a “technological dead-end” this week, while the coin’s co-founder, Vitalik Buterin, warned its network was almost full this month.


What do you think about Litecoin’s performance? Let us know in the comments below!


Images via Shutterstock 



Source link

Tags: divingHashrateLitecoinPriceWhats
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Last selling cycle before heading to the moon

Next Post

Data Shows XRP’s Community Is Dissolving Fast: What’s Behind the Trend?

Related Posts

Litecoin Bearish Signal: Whale Deposits $37.4M In LTC To Binance

Litecoin Bearish Signal: Whale Deposits $37.4M In LTC To Binance

15 December 2022
0

Data shows a Litecoin whale has deposited more than $37.4 million in LTC to the crypto exchange Binance, a sign...

Litecoin “Mega Whales” Now Hold 15.4% Of Supply, Highest Since June 2017

Litecoin “Mega Whales” Now Hold 15.4% Of Supply, Highest Since June 2017

13 December 2022
0

On-chain data shows the Litecoin “mega whales” now hold around 15.4% of the total supply, the highest value in more...

Binance Labs Leads Funding Round For A Web 3 Project

Binance Labs Leads Funding Round For A Web 3 Project

13 December 2022
0

In a new development, the venture capital arm of the largest global crypto exchange, Binance Labs, has made a foray...

End Of The Road: FTX Former CEO Sam Bankman-Fried Collared In The Bahamas

End Of The Road: FTX Former CEO Sam Bankman-Fried Collared In The Bahamas

13 December 2022
0

After the anticipation, drama and conspiracy theories, Sam Bankman-Fried – the former chief executive and founder of the fallen crypto...

Paxful CEO Warns Investors To Not Leave Their Bitcoin On Exchanges

Paxful CEO Warns Investors To Not Leave Their Bitcoin On Exchanges

13 December 2022
0

The need for bitcoin and crypto investors to move their holdings to self-custody has been amplified by the collapse of...

Load More
Next Post

Data Shows XRP's Community Is Dissolving Fast: What's Behind the Trend?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • What Hindenburg Research’s Takedown of Block Says About Money and Crime
  • Robinhood Highlights Cardano on List of Top Movers for Week
  • XRP Slumps 2.6% As Ripple Unlocks 1 Billion Coins From Escrow

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$28,492.001.55%
  • ethereumEthereum(ETH)$1,823.851.48%
  • tetherTether(USDT)$1.000.20%
  • binancecoinBNB(BNB)$315.00-0.41%
  • usd-coinUSD Coin(USDC)$1.000.16%
  • rippleXRP(XRP)$0.52-4.77%
  • cardanoCardano(ADA)$0.3939533.67%
  • staked-etherLido Staked Ether(STETH)$1,819.211.50%
  • dogecoinDogecoin(DOGE)$0.0772103.41%
  • matic-networkPolygon(MATIC)$1.111.82%
  • solanaSolana(SOL)$21.013.09%
  • polkadotPolkadot(DOT)$6.281.21%
  • binance-usdBinance USD(BUSD)$1.000.15%
  • litecoinLitecoin(LTC)$93.495.03%
  • shiba-inuShiba Inu(SHIB)$0.0000111.58%
  • tronTRON(TRX)$0.0661491.59%
  • avalanche-2Avalanche(AVAX)$17.661.60%
  • daiDai(DAI)$1.000.21%
  • uniswapUniswap(UNI)$6.052.03%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,528.001.67%
  • chainlinkChainlink(LINK)$7.552.36%
  • ToncoinToncoin(TON)$2.247.68%
  • cosmosCosmos Hub(ATOM)$11.13-0.07%
  • leo-tokenLEO Token(LEO)$3.38-1.53%
  • stellarStellar(XLM)$0.1106580.15%
  • ethereum-classicEthereum Classic(ETC)$20.591.27%
  • moneroMonero(XMR)$156.960.37%
  • okbOKB(OKB)$41.880.03%
  • bitcoin-cashBitcoin Cash(BCH)$124.902.58%
  • filecoinFilecoin(FIL)$5.662.34%
  • hedera-hashgraphHedera(HBAR)$0.0725454.27%
  • lido-daoLido DAO(LDO)$2.423.69%
  • true-usdTrueUSD(TUSD)$1.000.19%
  • AptosAptos(APT)$11.270.97%
  • quant-networkQuant(QNT)$124.320.09%
  • crypto-com-chainCronos(CRO)$0.0693861.88%
  • nearNEAR Protocol(NEAR)$1.983.37%
  • ArbitrumArbitrum(ARB)$1.34-3.22%
  • vechainVeChain(VET)$0.0233361.73%
  • algorandAlgorand(ALGO)$0.2243391.53%
  • apecoinApeCoin(APE)$4.192.06%
  • internet-computerInternet Computer(ICP)$5.161.65%
  • fantomFantom(FTM)$0.4740165.03%
  • eosEOS(EOS)$1.180.29%
  • the-graphThe Graph(GRT)$0.1439581.11%
  • blockstackStacks(STX)$0.91-1.12%
  • the-sandboxThe Sandbox(SAND)$0.631.99%
  • decentralandDecentraland(MANA)$0.593.10%
  • elrond-erd-2MultiversX(EGLD)$42.470.97%
  • theta-tokenTheta Network(THETA)$1.065.31%