Litecoin
Why Litecoin is down 1.8% in the last hour
Analysis
Litecoin (LTC) slipped 1.8% over the past hour as sentiment weakened following reports that mining profitability has been drying up across major proof-of-work coins, including LTC. CryptoPotato noted that shrinking miner profits can raise concerns about network economics and miner selling pressure, which can weigh on price in the near term.
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.