More people are using crypto’s digital silver, Litecoin, as a method of payment. Additionally, on-chain activity is also looking pretty healthy for LTC.
According to a recent BitPay report, Litecoin has gained significant traction as the coin of choice for purchases. Leading electronics, video games, gold and jewelry, and other e-commerce websites have reported an uptick in Litecoin payments.
Furthermore, monthly Litecoin payments have increased 109% over the past year, the rapor added. LTC comprises 27.6% of all payments on the platform, with BTC being the top choice at 41.6%.
The firm noted that Litecoin payments were most prominent in North America. However, there has been impressive growth across the world in EMEA, Asia Pacific, and Latin America regions. BitPay is a leading crypto payments provider.
Since supporting Litecoin in mid-2021, BitPay has processed over 180,000 payments made with the asset, representing more than $30 million in sales.
Litecoin On-chain Activity Growing
Göre Glassnode, the total number of addresses on the Litecoin network has reached an all-time high of 165.5 million.
Furthermore, there are around 100,000 transactions per day on the network. The daily transaction count has doubled over the past two years.
Litecoin ağ hash oranı geçen hafta tüm zamanların en yüksek seviyesi olan 615 TH/s'ye (saniye başına terahash) ulaştı ve hala bu seviyelere yakın.
The uptick in on-chain activity and overall network health could be a precursor for an LTC price rise.
Additionally, the Litecoin halving is also usually bullish for market activity. However, the block reward cut is not expected until early August 2023.
LTC Fiyat Görünümü
LTC is currently trading down 3.9% on the day at $75.09 at the time of writing. Furthermore, the silver to Bitcoin en gold has had a yıldız month gaining almost 33%.
The asset has remained in a range-bound channel since it climbed on Nov. 22. Nevertheless, it has fallen heavily since its May 2021 all-time high of $410, dropping nearly 82% since then.
There has been around $670 million in 24-hour trading volume. Analysts do expect a short-term decline back to the $70 zone, however.
With a $5.4 billion market capitalization, Litecoin is ranked 14th, just below the OKX exchange token, OKB.
Feragatname
BeInCrypto, doğru ve güncel bilgiler sağlamaya çalışır, ancak eksik bilgilerden veya yanlış bilgilerden sorumlu olmayacaktır. Bu bilgilerden herhangi birini riski size ait olacak şekilde kullanmanız gerektiğini kabul ediyor ve kabul ediyorsunuz. Kripto para birimleri oldukça değişken finansal varlıklardır, bu nedenle araştırma yapın ve kendi finansal kararlarınızı verin.
Source: https://beincrypto.com/litecoin-payments-rising-will-ltc-price-follow/