Litecoin’s hash rate has reached a new all-time high after falling abruptly at the end of 2018. Litecoin (LTC) is one of the largest digital assets in the market and it is one of the oldest in the space. Litecoin’s network has never been as secured as now.
2018 was a very hard year for virtual currencies and digital assets in the space, including Bitcoin (BTC) and Litecoin. Back in May 2018, after a bull run that the virtual currency experienced in 2017, Litecoin’s hash rate reached 342.88 TH/s. After it, the hash rate dropped down to 146 TH/s at the end of 2018. That represents a decline of almost 60% in less than a year.
In a shorter period of time, between August and December 2018, Bitcoin’s hash rate has also dropped 50%. Thus, Litecoin’s drop in hash rate took place in a very difficult moment for the digital currency market.
According to BitInfoCharts, Litecoin’s hash rate has reached a new all-time high close to 360 TH/s. Since the hash rate bottomed back in December, the power that the network had did not stop growing.