Litecoin [LTC] demonstrated positive growth in multiple facets over the last few weeks. Those areas included its hash rate and price. The network’s latest announcement confirmed that mining difficulty also went up and here’s why that might spoil the party.

At first glance, an increase in difficulty doesn’t necessarily mean a bad thing. In fact, it is often considered a good way to measure of a network’s decentralization level. However, Litecoin’s counterpart Bitcoin [BTC] lowered its mining difficulty due to low profitability which led to many miners halting their operations.

(by Michael Nderitu)