Litecoin Hash Price Down 60% Since August Halving

This significant hash cost decrease recommends a significant cooling of miner interest within the sixth-ranked cryptocurrency by market capitalization. Analysts usually identify halvings as being triggers for enhancing the market well worth of a PoW crypto. Litecoin led the finest method amongst the lots of top-ten altcoins for the earlier a component of the year throughout altseason.

3 months after the August 2019 halving, the Litecoin hash fee proceeds to topple with mining earnings getting to all-time lows. This massive hash cost decrease recommends a significant cooling of miner inquisitiveness within the sixth-ranked cryptocurrency by market capitalization. Analysts usually identify halvings as being triggers for enhancing the market well worth of a PoW crypto. Litecoin led the finest means amongst the numerous top-ten altcoins for the earlier a component of the year throughout altseason. Do you presume Litecoin will be qualified to environment the decreasing hash cost tornado?

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