Litecoin has been back in the headlines for some time. The reason behind this is the altcoin’s growth over the past week. It has reached its weekly high in volume since May 2023.
The recent on-chain statistics have demonstrated the rapid pump in the LTC network which hints at the bullish signal.
On X, Jay Milla, the director of marketing at Litecoin Foundation posted about the significant LTC network transactions in the past week.
The total transactions have been 512.8 million in LTC solely in the previous week, which by the current rate of crypto exchange means a total of $35.4 billion. This highlights the average daily volume of the network ranging over $5 billion.
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