- LTC’s share of the global payments surged to 34.9% in June, up from 28.78% in May.
- Riding on the positive sentiment, LTC stormed to a 14-month high earlier in the week.
In a massive boost for the Litecoin [LTC] ecosystem, LTC became the most used crypto for payments for the first time in June, outperforming all major assets, including Bitcoin [BTC].
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As tracked by the world’s largest payment processor BitPay, LTC’s share of the global payments surged to 34.9% in June, a sharp uptick from 28.78% during May. In the process, the “Silver” marginally outpaced the “Gold,” as Bitcoin’s share dropped from 36.39% to 34.06%.
Reacting to this significant development, the creator of Litecoin, Charlie Lee, remarked,
“Tbh, I wasn’t sure we’d see this day, but it happened! Litecoin payments on BitPay surpassed even Bitcoin.”
LTC flexing muscles
LTC has been building strong momentum as its widely anticipated halving event is just round the corner. It was one of the top gainers in the last month among assets, with a market valuation of more than $2 billion. Riding on the positive sentiment, the coin stormed to a 14-month high of $113 earlier in the week, as per
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Author: Suzuki Shillsalot
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