The fall of Litecoin provoked a weakening of the activity of miners

In mid-February, Litecoin (LTC) broke above $103, but by the end of the month, the altcoin began to rapidly fall in price.

In early March, LTC found a bottom around $88. The fall in the value of the cryptocurrency had a negative impact on the activity of the miners.

The Litecoin hash rate dropped to 666,143 terahash per second (Th/s) last week.

This CoinWarz data shows that network capacity has been declining along with the LTC rate amid a return of bearish sentiment to the market.

It was only last weekend that miners began to reconnect to the blockchain, thanks to a small rebound in LTC.

Altcoin exceeded $90, the hashrate increased to 718,764 Th/s the day before.

If the cryptocurrency returns to values above $100, then analysts expect a new surge in the activity of mining pools and an increase in the hashrate.

The activation of the Litecoin Core 0.21.2.2 update contributed to a slight increase in capacities. The developers have improved the software in order to increase network bandwidth and attract mining pools.

However, this measure was not enough for a wider connection of miners, and a further drop in LTC negatively affected the attractiveness of the blockchain.