Litecoin ($LTC) is gaining momentum, with transactions exceeding $100,000 over the past seven days reaching an impressive $20.09 billion.

This figure is nearly on par with Ethereum’s ($ETH) $22.83 billion, despite $ETH having a significantly larger market capitalization.

In a recent tweet, Litecoin highlighted its high processing rates, emphasizing that the threat of double-spending is significantly reduced on its network.

This makes it possible for merchants and dealers to process transactions much faster than on other blockchains, offering a major advantage for businesses that rely on quick, secure payments.

One of Litecoin’s standout features is its incredibly low transaction fees, averaging less than $0.01 per transaction. This makes $LTC not only a fast but also a highly cost-effective option for users looking to move large amounts of money with minimal fees.

Litecoin Network Still Holds Strong Position 

From a network perspective, Litecoin remains strong. As of block height 2,759,178, the network boasts a hashrate of 1.3 PH/s and a difficulty of 41,089,116. These metrics reflect the robustness of the network, ensuring its security and efficiency.

With its increased transaction volume, low fees, and high processing speed, Litecoin is positioning itself as a formidable alternative to other major networks like Ethereum. As more merchants and users look for fast and affordable transaction options, Litecoin’s performance could continue to draw attention and fuel further growth.

Whether for everyday users or businesses processing high-value transactions, $LTC is proving itself as a solid choice, offering both speed and security in the ever-evolving world of cryptocurrency.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: dusanzidar/123RF // Image Effects by Colorcinch