Litecoin Records Certain Milestones In 2022 Despite The General Downtrend
Litecoin achieved several on-chain and off-chain milestones despite the broad slump that characterized the previous trading year.
According to a Litecoin tweeter post, The Litecoin Network completed over 39 million transactions in 2022.
The Litecoin Network completed over 39 million transactions in 2022. A new record!
— Litecoin (@litecoin) December 31, 2022
$LTC pic.twitter.com/DXbnuur2tI
Also, Litecoin increased the number of transactions performed on the network, Litecoin has 52 million unique addresses as of 2022.
The Litecoin Foundation the nonprofit group established to promote Litecoin claimed that in 2022 the number of addresses was the second most of any cryptocurrency.
Litecoin's hash rate reached a brand new record high of 613.81 TH/s on December 3rd after 11 years of operation the network's average difficulty reached a record high.
LTC's value fell by 54% as a dramatic market slump during the last year.
The live Litecoin price today is $70.66 with a 24-hour trading volume of $359,503,770.Litecoin is up 1.73% in the last 24 hours. The current CoinMarketCap ranking is #13, with a live market cap of $5,084,755,377. It has a circulating supply of 71,962,705 LTC coins and a max. supply of 84,000,000 LTC coins.
Litecoin Price Statistics the LTC price change in 24 hours is +$1.05 of 1.53%. LTC 24 hour low is $69.27 and 24 hour high is $71.33 with 0.64% Market dominance.
LTC's 7-day low is $65.93 and its 7-day high is $71.33 with 1543.28% Litecoin ROI.
The altcoin's price per unit at the start of 2022 was $151 it traded for as little as $43 in June as the bear market declined to its lowest point of the year before steadily rising to close the trading year at $68.
On-chain statistics showed that LTC whale addresses continuously progressively released their tokens over the 12 months.
The number of LTC whale addresses that owned 10,000 to 1,000,000 LTC coins decrease dramatically by 6% on May 24 and May 25 when Terra Luna failed.
At the start of June, the count increased but it quickly decreased as bullish conviction steadily left the market in the second part of the year.
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