Litecoin {LTC} mining is now much simpler, hash rate has fallen post-halving, perfect time to HODL

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Litecoin is ranked at #5, below Bitcoin Cash but above Binance Coin on coinmarketcap. The trading volume recorded is $2.313 billion, while the supply has 63,100,012 LTC coins in play. At present, the total market cap of Litecoin is $4.675 billion. As of this moment, LTC is priced at $74.10, with a boost rate of 0.59% associated with it.

The halving event took place on August 5th this year. Since then, the price has gone down [Lee had predicted that Litecoin would soar], and mining difficulty has reduced. The has rate has also been significantly lowered by almost 30% within 3 weeks time.

For the LTC/USD candlestick chart on tradingview, the MACD line is about to soar over the signal line. This may refer to the return of pressure due to buyers. Slight bullish divergence was noted after LTC sunk and reached oversold territory from 14th to 17th of August. Data obtained from pool BTC.com points to the gradual drop in terms of mining difficulty [it was almost at 16 million prior to halving, and on August 22nd it had dipped to 11.40 million].

Now, miners on the LTC chain are awarded 12.5 LTC [which was previously 25 LTC] for successfully mining a block on the network.

However, Litecoin has been gathering supporters all across the globe. Charlie lee and his team have their goals set and wish to raise awareness on LTC.