Litecoin
Why Litecoin is up 1.4% in the last hour
Analysis
Litecoin (LTC) rose 1.4% over the past hour despite a report highlighting deteriorating mining profitability across major proof-of-work coins. CryptoPotato noted that mining profits have been drying up for LTC alongside Bitcoin, DOGE, and BCH, and the market’s modest uptick suggests traders may be looking past near-term miner-margin pressure in the immediate session.
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
Moderate confidence. Multiple factors may be contributing.