marked its 12th anniversary by reaching an all-time high (ATH) in network hashrate at 1.1 petahashes per second (PH/s), as reported by the Litecoin Foundation today. This achievement demonstrates the robustness of its blockchain security, which has seen consistent growth from 1 terahash per second (TH/s) in August 2014 to over 750 TH/s in August 2023.
In addition to this milestone, the network recorded a total of 180 million transactions over its operational years, a clear indication of increased usage and adoption of the cryptocurrency. The on-chain analytics firm Santiment noted a significant uptick in Litecoin’s address activity and whale transactions in October, mirroring levels seen in June 2023.
Despite these advancements in security and usage, Litecoin’s price showed signs of consolidation. It peaked at $72.45 on Sunday, October 24, before falling slightly to $69.44. This price movement underscores the cryptocurrency’s performance since August, when it began to show signs of stabilization after a period of volatility.
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