Litecoin Rocks Ahead of Upcoming LTC Halving, Here's What's Happening

Litecoin address activity soars as the LTChalving is just a few months away $LTC santimentfeed

A likely reason for the aforementioned activity surge, per Santiment, is the fact of, an experimental implementation of this standard for NFTs. This sparked a heated discussion in the LTC community on social media.

Per Santiment data, small wallets holding up to 0.001 LTC have been growing fast in number, while the number of active addresses has also been going up. According to data shared by another popular on-chain data company, IntoTheBlock, the number of LTC transactions three days ago almost caught up with that on the Bitcoin chain. After Litecoin introduced the LTC20 standard, BRC20 tokens have begun to flow to this network and 840 LTC20 tokens have been created so far.

At the time of this writing, LTC is trading with a 2.09% rise over the past 24 hours, hitting the $80.81 price mark, according to CoinMarketCap.

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