Since the blockchain’s third halving, Litecoin’s hashrate has remained stable. Rather, if the past weeks are to be considered, the sector was showing consistent growth. At press time, Litecoin’s hashrate was 772.99 TH/s.
Additionally, as hashrate increased, mining difficulty also went up, even touching an ATH on 5 August 2023. These metrics clearly reflect the growing popularity of Litecoin mining.
It was interesting to note that a possible reason behind this surge could be Dogecoin.
High hashrate might be the result of Dogecoin being merged-mined with Litecoin.