Litecoin Price Prediction as LTC Hashrate Plummets

The Litecoin price remained in a consolidation phase on Thursday as investors focused on the ongoing FTX contagion. It was trading at $58.70, which is about 24% above the lowest level this year. LTC/USD and LTC/GBP are about 20% below the highest level this month.

Litecoin hashrate slips

Litecoin price moved sideways on Thursday as investors reflected on the latest contagion on FTX. For example, crypto exchange Gemini temporarily paused withdrawals on Wednesday as the number of exits…


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