The Litecoin network’s total transactions and hash rate has seen a substantial increase since its last halving in 2019.
Litecoin (LTC) shark and whale addresses have continued to accumulate since halving forming a bullish divergence for LTC.
Litecoin, the silver to Bitcoin’s gold, has once again been under traders’ radar after undergoing a successful halving event earlier this month in August. The Litecoin (LTC) price has been on a downward trajectory ever since the halving, however, it seems to be taking support at around $80.
As of press time, LTC is trading at $82.25 with a market cap of just over $6.04 billion. LTC has made significant progress since its last halving on August 5, 2019. The network’s official account on social platform X recently compared the transaction volume from 2019 to the current levels, showing a remarkable increase of five times. As of 2023, the daily transaction volumes for Litecoin stand at just under $2 billion.
The surge in transaction volume res

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