LTC Price Spikes After Litecoin Core Update, Trading Volume Drops

• The Litecoin Foundation recently released an upgrade called Litecoin Core to improve its network security and fix critical issues affecting nodes.
• Following the update, the LTC price spiked and miners rushed in. However, a recent price drop has scared off investors, leading to a decrease in daily trading volume.
• Chart indicators suggest further bear runs in the coming days, which may lead to miners losing interest in mining LTC.

Litecoin Update and Price Spike

The Litecoin Foundation announced the update named Litecoin Core on March 2 and shared the information on Twitter. Don’t wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today! At press time, LTC trades at $89, indicating a slight loss in 24 hours but its trading volume is down by 48.42%, indicating slow activities with the coin Coinwarz’s data shows that the network hashrate recorded a slight uptick, suggesting new miners rushed in following the update and price spike of LTC from January 1 until February 3 2021 when it hit $101 intraday high..

Decreasing Interest of Miners

However, it seems insufficient to keep miners’ interest in the network high given the drop in LTC price as well as other chart indicators such as RSI below neutral mark, downtick on CMF, MACD bearish move etc., showing more bear runs in the coming days that might cause miners to lose interest in mining LTC entirely..

Network Improvement

One of ways to increase investors’ interest is network improvement where developers of cryptocurrencies come up with improvement proposals to make their networks efficient accommodating users needs and fixing issues hindering transactions..

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In conclusion we can say that though Litecoin Core 0.21.02 had increased interests among miners due to price spike after release but due various chart indicators such Network Improvement like Dogeoin trading on Coins Pro could be seen as great news for holders who can now buy/sell DOGE easily from there are pointing towards decreasing miner interests if no major improvements are made soon enough .