The post Litecoin network Hashrate spikes by 30%: Impact on LTC? appeared on BitcoinEthereumNews.com.

The Litecoin network’s Hashrate has spiked by 30% since the first week of 2025. LTC has recovered by 5.36% over the past 24 hours. Over the past month, Litecoin [LTC]  has struggled to maintain an upward momentum on its price charts. However, the altcoin has experienced significant growth in its network activity. Litecoin network hashrate up by 30% According to IntoTheBlock, Litecoin’s network has experienced a 30% rise in Hashrate since the start of 2025. Over the past four months, the hash rate has seen almost double digits in its growth. Source: IntoTheBlock This impressive run signals a robust uptick in mining activity. As such, the growth suggests a surge in miner participation and a vital increase in the network activity. Thus, the demand among miners remains considerably high. However, this growth and increased demand for the network among miners has affected their profitability. For example, the profitability of Bitmain’s Antminer L8, which is one of the most effective ASIC miner for LTC, have dropped by $10.00 over the past week. This drop suggests that high competition among miners has negatively affected miner participation. What it means for LTC charts Rising network activity reflects both investor and miners’ confidence with the market. This positive perception is evident not only among miners, but across all market participants. Source: IntoTheBlock For example, Litecoin’s total active addresses have continued to grow over the past three months. Over this period, addresses have risen from 7.9 million to 8.11 million, representing over 200k increase in active users. Such an upsurge suggests increased adoption, with more traders entering the market. Source: Santiment The increased demand and adoption has resulted in higher scarcity for LTC. As such, the annual inflation rate has experienced a sharp decline, dropping from 2.21 to 0.6. This drop implies that the altcoin…

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Filed under: News - @ January 28, 2025 4:25 pm