Litecoin Hash Rate Down 60% Since August Halving

Three months after the August 2019 halving, the Litecoin hash rate continues to tumble with mining profitability reaching all-time lows. This massive fall in mining activity signals yet another negative report for the altcoin with reports earlier in the year suggesting developers weren’t interested in contributing to its cryptocurrency code. Litecoin Miners Abandon Ship Data from BitInfoCharts.com shows that the […]

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Litecoin Partner TokenPay to Buy German Bank, Make LTC User-Friendly

TokenPay Swiss AG announced its partnership with Germany’s WEG Bank yesterday, which sees the decentralized and self-verifying payment platform acquire 9.9 percent of the bank. The other 90 percent of the bank is will reportedly be purchased pending mandatory regulatory approval. TokenPay notably has a strategic partnership with Litecoin Foundation, which aims to be “a leading force in creating and delivering […]

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Litecoin Price Analysis: LTC/USD Getting Crushed

Litecoin price remained in a bearish zone and declined below $180 against the US Dollar. LTC/USD may correct a few points, but it remains sell on rallies. Key Talking Points Litecoin price failed to correct higher substantially and declined below $180 (Data feed of Kraken) against the US Dollar. There is a new connecting bearish trend line forming with resistance […]

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