Litecoin
Why Litecoin is up 1.1% in the last hour
Analysis
Litecoin (LTC) edged up 1.1% over the past hour despite a broadly negative mining backdrop. CryptoPotato reported that mining profits have been drying up across BTC, DOGE, LTC, and BCH, which may have limited upside even as LTC still managed a modest gain in the short timeframe.
Contributing Factors (1)
Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH
Dogecoin and Litecoin miners face mounting pressure as mining profitability remains low across major proof-of-work assets.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.