Litecoin

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The Litecoin block halving event is expected to occur on August 2, provoking a substantial increase in the network’s hashrate.&nbsp; 
Litecoin (LTC) has remained among the most trending crypto assets in the market lately. This recent&nbsp; <a class="editor-rtfLink" href="https://thecryptobasic.com/2023/07/19/litecoin-whales-accumulate-59m-ltc-ahead-of-upcoming-halving-event/" target="_blank" rel="noopener noreferrer nofollow">high demand </a>&nbsp;for the asset has been primarily attributed to the upcoming halving event on the Litecoin blockchain. 
With the block reward-drop event fast approaching, the hashrate of Litecoin has continued to attain new highs in recent weeks. Leading market intelligence platform, IntoTheBlock drew attention to this bullish development today.&nbsp; 
The top analytic platform further shared a snapshot of Litecoin’s hashrate chart. The latest data showed that the momentum leading up to Litecoin’s 2023 halving is higher than the August 2019 halving event.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/litecoin?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@litecoin</a> <a href="https://t.co/0bqbVaZdyl" rel="noopener noreferrer nofollow">pic.twitter.com/0bqbVaZdyl</a> 
 <a href="https://twitter.com/intotheblock/status/1686309948907552768?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 1, 2023</a> 
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Notably, Litecoin’s hashrate has recorded a considerable increase ahead of the 2023 LTC halving. Meanwhile, it decreased vastly ahead of the network’s previous halving. At press time, the hashrate surpassed 700 TH/s and is steering firmly towards 800 TH/s. On the other hand, it dropped below 400 TH/s when the last halving occurred.&nbsp; ... 
<a href="https://thecryptobasic.com/2023/08/01/litecoin-hashrate-spikes-as-ltc-halving-approaches/" rel="noopener noreferrer nofollow">Read more</a>

Litecoin Hashrate Spikes as LTC Halving Approaches

TheCryptoBasic

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