Litecoin 2019 Price Prediction Remains Bullish As Mining Hashrate Reaches Record High
Just like Bitcoin, Litecoin is produced through a process called mining. The hashrate is the computational power that is used for the Litecoin mining process. So, an increase in Litecoin mining hashrate is often equal to an increase in the mining activity. When prices fall, miners stop making mining profit. However, when they rise, or there is a reason to believe that the prices will rise, they increase their mining efficiency and put more effort into mining. It is normally a strong show of confidence.
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