Perhaps the most ignored crypto in the bear market is Litecoin. The hem hidden hero C LTC, which attracts attention with its rising performance in recent months, is rising in terms of both price and hash rate.
Litecoin Hash Ratio
The Litecoin hash ratio, measured as 342 TH / s in May 2018, fell to 150 TH / s by mid-December and was the first to see this level since April 2018. But then he made a terrific exit and hit 312 TH / s on March 29th, so he made a jump of 140% from the bottom level in December.
According to the Bitcoinexchangeguide, the number of miners entering the market increased when the hash rate peaked in Litecoin. It means two things. First, mining in LTC (again) has become lucrative. Second, the Litecoin network became more secure against attacks. The increased hash rate means that 51% of the miners' attack on Litecoin Blockchain can be economically impossible and that the network is secured by miners.
Litecoin Price
As for the price of Litecoin trend Of course, the summit was seen in December 2017 and since then there has been a downward trend. In mid-December, the LTC saw the lowest level of the year, at $ 23, and has since gone unbearably like the hash rate. Litecoin only gained 200% in 2019 (at $ 30).
At the time of our report, LTC is trading at $ 60.56, down 0.98% daily. Also falling back on the list of crypto coins and damaging investors confidence in him, the LTC has risen to the 5th place and relies on trust.