It was worth noting that LTC’s total transaction count increased significantly in June, reaching levels comparable to Bitcoin’s daily tally in several cases, as per Glassnode.
Litecoin’s demand for facilitating transactions has grown sharply since May when users who were bogged down by huge transaction fees on Bitcoin chose to shift towards less expensive alternatives.LTC whales succumbed to the urge to lock profits and sold a big chunk of their holdings. According to Santiment, the number of addresses holding between 1,000-10,000 coins, categorized as small whales, dropped significantly over the past week.
Hence, it won’t be surprising if these addresses start piling up LTC coins in the run-up to the event.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CryptoAmb - 🏆 22. / 68 Read more »