Litecoin (LTC) "On Nice Run," Unlike Other Crypto, Here Are Reasons

Nov 07,2022
Litecoin (LTC)
  • "Litecoin operates well"
  • MoneyGram promotes the adoption of LTC

According to a recent tweet from Santiment data aggregator, Litecoin is often called data platinum, and it is still in a "good working state" at this stage. The company's investment analysts proposed that the Lettercoin hit a local high of $64 yesterday, while LTC remains around this level at this stage.

"Litecoin operates well"

Santiment claims that the Lite Coin is temporarily linked to the rest of the cryptocurrency market. In addition, since the middle and late June (more accurately, the end of May according to the data chart in the tweet), there has been a significant increase in the number of LTC coin wallets with 1000 or more.

According to Twitter, since the middle and late June, the price of Lite Coin has increased by 51% compared with BTC. According to data from CoinMarketCap, at the time of writing this article, LTC changed to $62, an increase of 12.62% in the past 24 hours.

MoneyGram promotes the adoption of LTC

In addition, the LTC price is also strongly supported by a service project recently released by MoneyGram, a former Ripple partner, which allows the purchase and transaction of cryptocurrencies. Apart from LTC, BTC and Ether are also the cryptocurrencies used by the enterprise.

Users can trade and own these three coins in most American states (including Washington, D.C.). It also benefited from the cooperation between MoneyGram and Coinme, the cryptocurrency trading center.

Charlie Lee, founder of LTC, proudly shared this news on his Twitter page yesterday.