Litecoin Hits Milestones: Record Profits, Hashrate Highs, And Growing Adoption
The post Litecoin Hits Milestones: Record Profits, Hashrate Highs, And Growing Adoption appeared on BitcoinEthereumNews.com.
Litecoin ($LTC) has been making waves in the crypto space, with over 60% of its holders now in profit—the highest figure since April. However, a significant portion of holders still at a loss purchased during 2021’s peak prices. As they approach break-even, selling pressure could create resistance, though some believe Litecoin may push through to set new highs in this cycle. Over 60% of LTC holders are now in profit—the highest since April. Many of the holders still at a loss bought in 2021 and may sell as they break even. Could this create resistance, or will Litecoin push past and set new highs this cycle? pic.twitter.com/EY4iKrKss8 — IntoTheBlock (@intotheblock) November 18, 2024 The network’s activity is at an all-time high, completing 84 million transactions in 2024—17 million more than in 2023. This marks the most transactions in a single year for Litecoin, demonstrating its growing adoption. BREAKING – #Litecoin has hit a new ATH Hashrate. The network has never been more secure. $LTC 🚀 pic.twitter.com/wuGjSGTV96 — HedgeFi LTC (@NocturnalAutism) November 18, 2024 Additionally, Litecoin’s hashrate recently reached a record-breaking 1.35 PH/s, making the network more secure than ever. NEW RECORD: The #Litecoin network has broken a new milestone, completing 84 million transactions in 2024! The most ever in a year & already 17 million more than in 2023. $LTC is more active than ever! #MondayMotivation pic.twitter.com/KvbS0aNPYW — Litecoin Foundation ⚡️ (@LTCFoundation) November 18, 2024 Recent developments have only added to the excitement: 1. Meme Coin Makeover Litecoin cheekily rebranded itself as a “meme coin,” sparking a 15% price rally and a wave of social media attention. 2. WLTC on Ethereum Partnering with Coinut, Litecoin introduced Wrapped Litecoin (WLTC) on Ethereum to expand its utility. However, the move coincided with a 7.6% price dip amid broader market trends. @litecoin‘s recent…
Filed under: News - @ November 20, 2024 12:28 am