Litecoin price targets $100 as on-chain transaction volume reaches a 16-month peak. According to data, Litecoin on-chain transaction volume soared to nearly $4 billion in a single day – the highest level in 16 months. The surge in transaction volume, along with price recovery, signals buyers’ convocation to drive a higher rally.
One of the key drivers behind this surge is the growing discussion around Litecoin, which now accounts for 1.08% of all crypto-related discussions, a notable increase in social dominance. The heightened on-chain activity signals the growing appeal of Litecoin among investors as broader market conditions rebound.
The Litecoin price had traded at $75.2 by press time, while the market cap had boosted to $5.6 billion. LTC Price is 2.5% away from major breakout over the past four months; the Litecoin price prediction has traded sideways, struggling to surpass $77 resistance level amid various factors influencing its growth potential positively or negatively depending on how it performs against certain factors such as resistance levels and consolidation periods amongst others!
