Litecoin Price Analysis – Bull trend losing steam

Litecoin (LTC) now has a market cap of US$2.68 billion, up from US$206 million in April of this year. After posting a new all time high in the beginning of September, the market has retraced and largely trended sideways.Litecoin hash rate and difficulty continue to rise steadily on the SegWit enabled network. The Litecoin block reward is due to halve around August 2019. LTC transfers about a tenth of the transactions processed by either Bitcoin (BTC) or ETH per day.