LiteCoin Difficulty going down? Will the price drop?

[Acesbomb]

I'm confused, didn't Litecoin difficulty go up not down?

Well duh, of course it did.  People like me with piddly little GPU rigs are switching over to LTC mining in anticipation of losing all mining profitability.
BTW I'm now making 2x more BTC in the form of LTC than I was last week mining BTC directly because of the higher LTC/BTC valuation.  

Why did it go up? What makes difficulty go up?

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[citboin]

I'm confused, didn't Litecoin difficulty go up not down?

Well duh, of course it did.  People like me with piddly little GPU rigs are switching over to LTC mining in anticipation of losing all mining profitability.
BTW I'm now making 2x more BTC in the form of LTC than I was last week mining BTC directly because of the higher LTC/BTC valuation.  

Why did it go up? What makes difficulty go up?

If blocks are produced faster than the target rate (for litecoin, this is 2.5 minutes per block), then the difficulty increases. If blocks are produced slower, the difficulty decreases.

[stevegee58]

Why did it go up? What makes difficulty go up?

It tracks with hash rate.  More miners -> higher hash rate -> higher difficulty.

[Acesbomb]

Thanks for the answers.

[Searing]

Well it is frigging nuts now... LTC difficulty has drop'd what 16% last 2 weeks and shows with 3 days left or so another 16% drop yet price is stable and going up

wtf did everyone decide thanksgving was the cut off date for not running unprofitable 600w gaw 23mh miners or some such?

i started with orig knc titan miner 11/8/15 at 1169 gh ltc hash rate ...last hashrate was 1142 gh wtf?

is it like a 'frogger reboot" the road looks clear but its a trap?

anyway i see nothing on why it is dumping in difficulty...right after halving I'd get this ...3 months late it has me confused

just saying..others on here with more smarts then myself?

[othe]

Well it is frigging nuts now... LTC difficulty has drop'd what 16% last 2 weeks and shows with 3 days left or so another 16% drop yet price is stable and going up

wtf did everyone decide thanksgving was the cut off date for not running unprofitable 600w gaw 23mh miners or some such?

i started with orig knc titan miner 11/8/15 at 1169 gh ltc hash rate ...last hashrate was 1142 gh wtf?

is it like a 'frogger reboot" the road looks clear but its a trap?

anyway i see nothing on why it is dumping in difficulty...right after halving I'd get this ...3 months late it has me confused

just saying..others on here with more smarts then myself?

One explanation might be that people shut down their miners because they are travelling to their families and don´t want to let them run without being able to montor them.
I also do that over xmas, so that might explain a bit of the hashrate drop.

[NattyLiteCoin]

Just a farm(s) moving or being upgraded, not that big of a deal.

[Searing]

Just a farm(s) moving or being upgraded, not that big of a deal.

any particular link to a farm of such a size doing such? I mean we are looking at 16% or so drop last 14 says say...and at 10% as I speak with around 2 days to go drop too boot

seems a bit much for one farm having issues or whatever

and again if it is a farm i'd think there would be some crypto press on such a dump ..but nada ...so again still confused

[balanced190]

I think that if the difficulty goes down, the price do the same

[NattyLiteCoin]

It was -16% now it's -10%. At the end of the block cycle it will be about-8% and at the beginning it will be about +10%. These large farms have maintain their shit, it's just common sense, there's no link for that.

[NattyLiteCoin]

It was -16% now it's -10%. At the end of the block cycle it will be about-8% and at the beginning of the next  it will be about +10% and they'll mine easy coins. These large farms have maintain their shit, it's just common sense, there's no link for that.

[Searing]

It was -16% now it's -10%. At the end of the block cycle it will be about-8% and at the beginning it will be about +10%. These large farms have maintain their shit, it's just common sense, there's no link for that.

How exactly does this work? Like what is the 'timing' trick...shut stuff off ...turn it back on? Use small words I'm kinda dense..(investing in this whole 'virtual money" thing don't ya know)