|

Litecoin Foundation address the Github issue and the latest hash rate decline

There has been an official statement from Xinxi Wang, a board director at the Litecoin Foundation, who addressed the Github issue where some people has been suggesting that Litecoin had been abandoned. 

The director said, “Github was updated frequently but not in the main repo”. 

Wang went on to reveal that Adrian Gallagher, the Litecoin core developer, was testing the latest upgrade 0.18.1 version. He further commented saying "that once the code is reliable, it will be merged to the main repo."

Charlie Lee has made his feelings clear about the recent situation and when Wang was asked about Lee's commitment to the cause he said: 

“Charlie has been a huge supporter of Litecoin and the Litecoin Foundation. This should be seen as a tremendous indicator of Charlie’s belief in LTC and commitment to the project. The community has also helped greatly and we have plans to keep fundraising from the community in ways that resonate with them.”

Wang also had his say on the hash rate decline to the current 318.9 TH/s saying "the price drop to be one of the contributing factors. While acknowledging that Litecoin was still very safe, he added that following the decline in its valuation, miners using old rigs “could be losing money and thus stopped mining” leading to a drop in the hash rate." 

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

More from Rajan Dhall, MSTA
Share:

Editor's Picks

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment. 

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest 

Bitcoin holds above support at $65,118 at the time of writing on Friday. Ethereum remains choppy in a narrow range between support at $1,900 and resistance at $2,000, while Ripple attempts another upward move toward the pivotal $1.40 level.

PancakeSwap Price Analysis: Bearish momentum suggests further downside

PancakeSwap (CAKE) is trading below $1.26 at the time of writing on Friday, extending the losses by over 8% so far this week. The weakening derivatives market further supports the bearish outlook, with bears aiming for levels below $1.18.

Decred Price Forecast: DCR rebounds toward key resistance zone on volume spike

Decred (DCR) rebounds over 7% at press time on Friday after a three-day decline of almost 14%. Roughly 60% increase in trading volume over the last 24 hours supports the recovery, suggesting heightened spot-market demand. 

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.