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Cryptocurrency News Articles
Litecoin (LTC) Surges to $4 Billion Daily Transactions, Sets Sights on $100 Milestone
Oct 21, 2024 at 11:20 am
This week also marked a significant milestone for Litecoin, as the network celebrated its 13th anniversary.
Litecoin (LTC) price is enjoying a nice mini run, jumping above $73 for the first time since July. This marks its first mid-sized breakout from Bitcoin and altcoins since the spring.
Two major factors are contributing to LTC's continued bullish momentum.
Firstly, there has been a significant increase in on-chain transaction volume, which has nearly crossed $4 billion daily—a 16-month high, according to crypto analytics platform Santiment.
This surge in transaction volume is certainly boosting LTC's liquidity and visibility.
Secondly, growing retail interest in Litecoin is adding fuel to its price rally.
With ongoing development efforts and initiatives being undertaken by the long-standing network, LTC continues to attract attention within the crypto community.
"LTC's continued rise of on-chain transaction volume, which has nearly crossed $4B daily (16-month high), and growing retail interest in LTC, fueled by ongoing development efforts and initiatives from the long-standing network."
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Litcoin Surges To $4 Billion Daily Transactions
LITECOIN SURGES TO $4 BILLION DAILY TRANSACTIONS
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