HomeUncategorizedWhy is Litecoin price up today? By Cointelegraph

Why is Litecoin price up today? By Cointelegraph

May 15, 2023

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The price of Litecoin (LTC) crept higher on May 15 as the market assessed its entry into the thriving nonfungible token (NFT) mania.

LTC price rallied by more than 6.5% on May 15 to around $87.50, emerging as one of the best performers among the top-ranking crypto assets like (BTC) and Ether (ETH). LTC price is up 115% when measured from its market low of $40.25 in June 2022.

weekly price chart. Source: TradingView
Litecoin daily transactions throughout history. Source: BitInfoCharts
Litecoin daily active addresses. Source: Santiment
LTC supply in addresses with balance greater than 1,000 units. Source: Messari
LTC/USD weekly price chart. Source: TradingView