Litecoin Hash Rate, Miner Revenue, & Price Down Since Halving

The hash rate deployed on the Litecoin network has declined since the block reward halving took place on the 5th of August. Hash rate declined from 426 EH/s on the day of the halving to 317 EH/s on August 17th. The revenue Litecoin miners have been generating has also been declining with data from CoinMetrics showing that daily average revenue dropped 16% from figures recorded last week. The daily average fees users are paying to use the Litecoin network dropped from $2k observed last week to $1.2k. The price of litecoin has depreciated over 14% since the halving.

Source: CoinMetrics State of the Network