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<p class="is-style-lead">The Litecoin Network shared news it had just processed its 180 millionth transaction.</p>
<p>In contrast only 39 million transactions were recorded last year.</p>
<h2 class="wp-block-heading" id="mixed-signals">Mixed signals</h2>
<p>Litecoin, one of the first altcoins, created to help complete cryptocurrency transactions quicker and at a cheaper rate, shared an&nbsp;<a href="https://x.com/ltcfoundation/status/1711388548337668462?s=46" target="_blank" rel="noopener noreferrer nofollow">update</a>&nbsp;that so far in 2023, the network has processed 51 million transactions, setting a new record.</p>
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<p>The price of Litecoin has been consistently following a downward trend since the most&nbsp;<a href="https://coincodex.com/article/30758/litecoin-halving-dates/" target="_blank" rel="noopener noreferrer nofollow">recent halving</a>&nbsp;on Aug. 2 with many “crypto whales” selling off their holdings in the pre-halving price spike that occurred in July.&nbsp;</p>
<p>CoinMarketCap reports Litecoin currently sits in the 15th spot on the list of cryptocurrencies by market cap at a price of $61.47.</p>
<p>You might also like: <a href="https://crypto.news/litecoin-and-monero-stumble-digitoads-retains-bullish-momentum/" rel="noopener noreferrer nofollow"> Litecoin and Monero stumble, DigiToads retains bullish momentum </a></p>
<p>A secondary cause for concern comes down to the project’s GitHub repository, which has shown no code commits have occurred in 5 months, suggesting operationally the network might also be facing&nbsp;<a href="https://github.com/litecoin-project/litecoin/commits/master" target="_blank" rel="noopener noreferrer nofollow">some issues</a>.</p>
<h2 class="wp-block-heading" id="another-halving-upcoming">Another halving upcoming</h2>
<p>In a follow-up post, the Litecoin Network went on to share an update for the next halving which is projected to occur in July 2027.</p>
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   <p lang="en" dir="ltr">Exactly 5,000,000 Litecoins left to be mined until the next halving. At 3600 <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LTC</a> a day, that puts the next block halving at the end of July 2027. The beauty of having a programmed predictable money supply. <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Litecoin</a> <a href="https://twitter.com/hashtag/ThursdayThoughts?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ThursdayThoughts</a> <a href="https://t.co/3ubtjrHTlH" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/3ubtjrHTlH</a></p>— Litecoin Foundation ⚡️ (@LTCFoundation) <a href="https://twitter.com/LTCFoundation/status/1712122122414485792?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 11, 2023</a>
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<p>The Network shared that 5,000,000 Litecoins are left to be mined, with an estimated 3600 expected to be mined each day.</p>
<p>Read more: <a href="https://crypto.news/bitcoin-litecoin-falling-after-ltc-halving-qube-rising/" rel="noopener noreferrer nofollow"> Bitcoin, Litecoin falling after LTC halving, QUBE rising </a></p>

Litecoin celebrates milestones amid declining prices

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