- The demand for Litecoin could have increased after the recent announcement of the LTC-20 token standard.
- Litecoin Ordinals reached a significant milestone of reaching one million inscriptions.
Litecoin [LTC]‘s journey over the past year resembled nothing less than a roller coaster. While it was one of the best performing cryptos during the bear market of 2022, the momentum has lost considerable steam in 2023.
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As per CoinMarketCap, the token shed 21% of its value in the last three months. On a weekly basis, LTC recorded losses of nearly 10% to settle at its press time value of $79.27.
However, despite the continuing periods of decline, the LTC fanbase got a big reason to cheer as far as network adoption was concerned. The new addresses getting created on Litecoin surpassed new addresses on Bitcoin [BTC], as per a tweet posted by the Litecoin Foundation.
New addresses being created on #Litecoin are now exceeding new #Bitcoin addresses. $LTC #MondayMotivation
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