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As interest in the Litecoin (LTC) blockchain spiked prior to its hotly anticipated third halving event, BitPay registers an unparalelled spike in Litecoin (LTC) transfers on the platform. 
<h2 id="litecoin-ltc-might-surpass-bitcoin-btc-by-number-of-bitpay-transactions-data">Litecoin (LTC) might surpass Bitcoin (BTC) by number of BitPay transactions: Data</h2> 
Litecoin (LTC), the "Digital Silver" and 11th largest cryptocurrency by market capitalization, is responsible for 34.05% of the net transaction count on BitPay, a processor of cryptocurrency payments. This number reflects the spike of Litecoin (LTC) usage in retail products in July 2023. 
<blockquote class="twitter-tweet"> 
 Litecoin ⚡ transactions with the world's largest <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> payments processor <a href="https://twitter.com/BitPay?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BitPay</a> continue to thrive: Over 34% in <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a> last month!! The race for the most used crypto is neck and neck.With more and more people choosing to <a href="https://twitter.com/hashtag/PayWithLITECOIN?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PayWithLITECOIN</a> <a href="https://t.co/5CFLwyT1Sb" rel="noopener noreferrer nofollow">pic.twitter.com/5CFLwyT1Sb</a>— Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1686882558569840641?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 2, 2023</a> 
</blockquote> 
Bitcoin (BTC), the largest cryptocurrency and most popular asset on BitPay, is responsible for 36.47% of transactions. It means that <a href="https://u.today/litecoin-ltc-halving-just-hours-away-heres-how-many-blocks-left" rel="noopener noreferrer nofollow">Litecoin (LTC)</a> only needs to have its activity increased by 7% to become a dominant BitPay cryptocurrency. 
As such, the two most popular cryptos are responsible for 70.5% of BitPay activity. Meanwhile, Ethereum (ETH) and Dogecoin (DOGE) combined are responsible for 15.5% of transactions authorized by BitPay users. 
In turn, Bitcoin Cash (BCH), USD Coin (USDC) and Polygon (MATIC) combined bring over 12% of BitPay activity. 
Litecoin (LTC) is particularly popular in the segment of retail payments: it works faster than Bitcoin (BTC) but also has an unparalelled level of security and attack resistance. 
<h2 id="litecoin-ltc-halving-completed-sell-off-imminent">Litecoin (LTC) halving completed; sell-off imminent?</h2> 
In the comments below the announcement posted on a core Litecoin (LTC) Twitter account, users are sure that "Digital Silver" activity will grow further. 
As covered by U.Today previously, Litecoin (LTC) came through its third <a href="https://u.today/guides/litecoin-ltc-halving-approaches-what-to-know" rel="noopener noreferrer nofollow">halving event</a>. As a result, the miners' reward dropped by 50% and reached 6.25 LTC per block. 
In the eight months before halving event, the Litecoin (LTC) price more than doubled: in July 2023 it reached 15-month highs of over $100 per coin. 
However, by press time, Litecoin (LTC) lost part of its gains. Now, LTC is changing hands at $86.32, down almost 4% in the previous 24 hours.

Litecoin (LTC) Close to Surpassing Bitcoin (BTC) on BitPay Post-Halving

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