Litecoin (LTC) has been one of the most bullish coins for the year 2023 with anticipation around its forthcoming halving event. This has propelled the digital asset toward price increases higher than the market average. And now, once again, the bull case for the digital asset is even stronger as its hashrate has risen rapidly to a new peak. Litecoin Hashrate Touches New All-Time High As the halving event draws closer, more attention is being paid to the Litecoin network. This has led to an increase in the hashrate of the network as more miners are joining the network. Most of the month of June has seen large spikes in hashrate following the rise in the mining difficulty. Related Reading: The Blessing Of July: Can Bitcoin Climb To $36,000 In The Coming Month? The rise in mining difficulty means that it is harder to find a block and as such, miners have to bring more machines online to increase their chances, leading to a spike in the hashrate. And as more miners are brought online, the Litecoin ..
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