Litecoin Experiences Explosive Surge: What’s Driving This Rally?

In a remarkable display of growth, Litecoin (LTC) has surged to new heights this week. Data from Santiment reveals a staggering 11.26% price jump within 24 hours, sending its value from $86.10 to $104.46 before settling at approximately $98.86. This impressive increase in trading volume also surged by nearly 190%, reaching $1.73 billion during the same period. Furthermore, a significant increase in wallets holding 100,000 LTC or more was recorded, highlighting substantial accumulation from large investors. These developments coincided with a record-breaking high of $15.1 billion daily on-chain transaction volume, demonstrating the network’s expanding utility and strength.