Litecoin (LTC), one of the oldest and most prominent cryptocurrencies, has set new milestones in network performance and transaction volume. The Scrypt-based network has achieved an impressive all-time high hash rate of 1.31 PH/s, further solidifying its position as the largest global Scrypt-based network.
In addition to its impressive hash rate, Litecoin (LTC) has also processed over 16 million transactions so far in 2024, as announced in a tweet by the network on January 26. This milestone demonstrates the growing popularity and adoption of Litecoin (LTC) as a reliable and efficient cryptocurrency.
Despite the recent halving in 2023, Litecoin (LTC) has maintained a wide trading range, with bulls attempting to break out near the $75.00 to $80.00 region. However, since January 23, LTC has been trading between $65.15 and $70.05, awaiting the next price action.
Experts predict that Litecoin (LTC) will rise to $75.25 in February, supported by increased developments on its network. The network’s impressive performance and growing transaction volume are likely to attract more investors and further solidify its position in the cryptocurrency market.
#Litecoin #LTC #Crypto #Blockchain #Hashrate
