Litecoin Volume Surges to $36 Billion: Is a Top 10 Spot
Litecoin’s comeback has been in the headlines for a while now. Throughout the past week, the altcoin has seen immense growth. According to on-chain statistics, Litecoin’s weekly volume has reached its highest level since May 2023. This demonstrates the sudden increase in the LTC network, which is considered to be a bullish indicator. Also Read: Ripple Price Prediction For November 2024: How High Will XRP Go? Litecoin’s Rising Volume Jay Milla, the director of marketing at Litecoin Foundation, brought the latest development to light through a post on X. He pointed out that the LTC network has had significant transactions during the last week. Here, “transaction volume” refers to an on-chain measure that records the total quantity of Litecoin involved in daily network transactions. The network has witnessed transactions totaling 512.8 million LTC in the last week alone, which is over $35.4 billion at the current cryptocurrency exchange rate. This indicates th...