LTC Price Is At Risk Of A 24% Dip As Hashrate Plunges

Quick Summary:

Litecoin remains in a correction after falling by 12% from its highest level in October.

LTC price rose by 1.5% on November 5, reaching an intraday high of $67.20.

LTC price bottomed at $50.44 in August, when the wounding of the Japanese yen carry trade led to a crash across stocks and cryptocurrencies.

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Article Details

Author / Journalist: crispus

Category: Crypto

Markets: IndiaJapan

Topics: Crypto Drop Lowest Rate Level Cryptocurrencies October Price Lower Hash Litecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 13:07:06 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23431490

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 27 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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