As the 2017 bull run began to lose steam and Litecoin’s value started to tumble, the altcoin’s mining difficulty curiously began to spike — more than tripling while LTC crashed by over 70 percent. Since May 2018, things have reversed in a big way.
After reaching its 2018 high, Litecoin (LTC) mining difficulty began to fall drastically — decreasing by half over the following six months while the altcoin crashed to below $25 for the first time in over a year. However, since the start of 2019, both Litecoin’s mining difficulty and its value have been on a significant uptick.
Currently, Litecoin is priced at around $127.50 and has quadrupled in value since the start of the year. Meanwhile, LTC mining difficulty has repeatedly broken its all-time high.