Litecoin Price Prospects After Grayscale Exec Chimes In On Its Appeal
The post Litecoin Price Prospects After Grayscale Exec Chimes In On Its Appeal appeared on BitcoinEthereumNews.com. Litecoin price could be on the verge of getting back in the limelight after capitulating below $90. However, the cryptocurrency’s long term prospects remain solid despite its struggle to reclaim price levels north of $100. Litecoin and most of the top altcoins have been struggling to make a strong impression especially with the rising dominance in the last 3 weeks. However, optimism from a key industry figure offered some long term confidence. John Hoffman, the president of partnerships and distribution at Grayscale recently chimed in on LTC prospects during the Litecoin Summit 2025. He noted that people will likely be keeping an eye on Litecoin moving forward courtesy of its attributes. Source: X Although he did not go into details, his statement highlighted a comparison with Bitcoin in the context of low-correlation assets. One of the major characteristics of Litecoin price that is similar with BTC is that it also uses a proof-of-stake consensus mechanism. Litecoin Hash Rate Soars to New All-time High Litecoin hash rate has been steadily growing in the last 12 months. A sign of healthy miner activity and growing computing power which can be useful especially in regards to self-regulating fully decentralized systems. The latest data revealed that Litecoin hash rate recently clocked a new high at 2.66 ph/s on Tuesday. This was confirmation of the growing miner competition and the network’s ballooning transaction capacity. Source: Coinwarz While Litecoin’s hash rate demonstrated sustained interest in the cryptocurrency, the price painted a different picture. Nevertheless, some see this as a discounted opportunity. Evaluating Litecoin Price Long Term Potential Litecoin exchanged hands at $87.9 at press time which represented a 40% pullback from its peak in December last year. But can the cryptocurrency’ current holdings and characteristics offer insights into what to expect in the long term? IntoTheBlock…
The post Litecoin Price Prospects After Grayscale Exec Chimes In On Its Appeal appeared on BitcoinEthereumNews.com.
Litecoin price could be on the verge of getting back in the limelight after capitulating below $90. However, the cryptocurrency’s long term prospects remain solid despite its struggle to reclaim price levels north of $100. Litecoin and most of the top altcoins have been struggling to make a strong impression especially with the rising dominance in the last 3 weeks. However, optimism from a key industry figure offered some long term confidence. John Hoffman, the president of partnerships and distribution at Grayscale recently chimed in on LTC prospects during the Litecoin Summit 2025. He noted that people will likely be keeping an eye on Litecoin moving forward courtesy of its attributes. Source: X Although he did not go into details, his statement highlighted a comparison with Bitcoin in the context of low-correlation assets. One of the major characteristics of Litecoin price that is similar with BTC is that it also uses a proof-of-stake consensus mechanism. Litecoin Hash Rate Soars to New All-time High Litecoin hash rate has been steadily growing in the last 12 months. A sign of healthy miner activity and growing computing power which can be useful especially in regards to self-regulating fully decentralized systems. The latest data revealed that Litecoin hash rate recently clocked a new high at 2.66 ph/s on Tuesday. This was confirmation of the growing miner competition and the network’s ballooning transaction capacity. Source: Coinwarz While Litecoin’s hash rate demonstrated sustained interest in the cryptocurrency, the price painted a different picture. Nevertheless, some see this as a discounted opportunity. Evaluating Litecoin Price Long Term Potential Litecoin exchanged hands at $87.9 at press time which represented a 40% pullback from its peak in December last year. But can the cryptocurrency’ current holdings and characteristics offer insights into what to expect in the long term? IntoTheBlock…
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