Litecoin: Despite new update, LTC struggles to hold miner interest

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Litecoin: Despite new update, LTC struggles to hold miner interest
France Dernières Nouvelles,France Actualités
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After the relief of a new update, LTC’s hashrate registered an uptick. LTC’s chart was painted red, as indicators looked bearish. On 2 March 2023, Litecoin [LTC] released a new network upgrade named Litecoin Core 0.21.2.2, which, according to the official announcement, was a new minor version release. The new release included an important security […]

’s mining space witnessed growth. As per Coinwarz’s data, LTC’s network hashrate registered a slight uptick. An increase in hashrate generally suggests an influx of new miners into the network.

It was interesting to note that since the beginning of this year, LTC’s mining industry has flourished as its price has gone up considerably. However, miners’ interest might end soon as LTC’s price plummeted, suggesting less profits., LTC’s price declined by over 7% in just 24 hours alone, raising alarm in the crypto space. At press time, it was trading at $89.12 with a market capitalization of over $6.45 billion.

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