Litecoin price (LTC/USD) tumbles after brief spell above $100

Litecoin price (LTC/USD) tumbles after brief spell above $100

Meanwhile, mining activity on the Litecoin network has remained stable after the halving, according to LTC creator Charlie Lee, who recently warned that reward reductions could be discouraging to some miners.

“504 blocks have been mined since the halving. This is 1/4 of the way to the next diff change. 21.65 hrs has elapsed since the halving. Normally on average it takes 21 hrs for 504 blocks. This means 97% of pre-halving hashrate still mining LTC,” Lee tweeted earlier today.

In today’s trading, the Litecoin price stood at $94.91, as of 16:44 BST. The digital currency has lost 4.5% of its value in the past 24 hours. The coin’s total market capitalisation currently stands at nearly $6 billion.

Featured image: Wit Olszewski /

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