CandleFocus Litecoin (LTC) Nears All-Time Highs, But Not in Price
2024-11-20
Author: Content Editor
The Litecoin network's hashrate is approaching new all-time highs, currently at 1.7 PH/s. A higher hashrate contributes more computational power to the network, increasing the chances of successful mining. Litecoin also set a record with 84 million transactions completed in a single year. The balance held by short-term LTC holders has increased by 31% in the past month, often indicating potential price jumps. The release of Core v0.21.4 includes new features and security updates. Despite these milestones, the Litecoin price has not matched the success of Bitcoin, which just reached an all-time high. Litecoin reached a high of $98.27 in November but is still below the yearly high of $112. Litecoin recently formed a golden cross pattern on its daily charts, potentially indicating a bullish trend.
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