On Friday, the mining difficulty of the network reached its high, suggesting heightened rivalry for miner payouts. The Litecoin Foundation stated that the mining difficulty for Litecoin has reached a new high, hitting at little under 18 million hashes.

On Wednesday, the price of LTC rose 13% in a single day, most likely as a result of MoneyGram’s report that US customers will soon be able to purchase, sell, and hold LTC, BTC, and ETH.