Amid the closing of a highly-anticipated second-quarter, Litecoin’s (LTC) price rides the wave of its continuing bullish progress. Currently trading at $105.56, its 24 hour appreciation of 24% sees it soar to within the top 10 of crypto market by capitalization – and a 50% year-long surge. Financial scrutinity provided by IntoTheBlock reveals a remarkable stat; throughout May, the peer-to-peer payments network equalled the number of daily Bitcoin transactions.
Additonally, it processed more than 500,000 per day, resulting in an increased demand for the currency if halved prices continues. According to Litecoinblockhalf.com, the these schedules allot a halving date of August 2nd, albeit with updated spects; added comments for trader Peter Brandt, with his unbridled Twitter following of 697k – confirm a dominant removal of price-sapped constraints curbing price swings for the majority of this year.
