Ethereum

Litecoin

Bitcoin

<ul> 
 <li><em>LTC’s share of the global payments surged to an ATH of 38.25% in December.</em></li> 
 <li><em>Litecoin’s daily transactions hit their peak in December.</em></li> 
</ul> 
<p>In a major milestone, <a href="https://ambcrypto.com/?s=litecoin" target="_blank" rel="noopener" data-wpel-link="internal">Litecoin [LTC]</a> became the most used crypto for payments for the second straight month in December, outperforming all major assets, including&nbsp;<a href="https://ambcrypto.com/search/BITCOIN" target="_blank" rel="noopener" data-wpel-link="internal">Bitcoin [BTC]</a>.</p> 
<h4>Litecoin beats Bitcoin again</h4> 
<p>As tracked by the world’s largest payment processor BitPay, LTC’s share of the global payments surged to 38.25% in December, compared to 34.52% in November. This was also Litecoin’s all-time high (ATH) in terms of market share.</p> 
<div id="attachment_362460" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin.jpg" data-wpel-link="internal"><img aria-describedby="caption-attachment-362460" decoding="async" class="size-full wp-image-362460" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin.jpg" alt="" width="1120" height="370" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin.jpg 1120w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin-300x99.jpg 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin-1024x338.jpg 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin-768x254.jpg 768w" sizes="(max-width: 1120px) 100vw, 1120px"></a>
 <p id="caption-attachment-362460" class="wp-caption-text">Source: BitPay</p>
</div> 
<p>It was clear that LTC scooped a big portion of Bitcoin’s market share as the latter’s pie dropped sharply from 30.55% to 23.24%.</p> 
<p>In fact, a closer look showed that more people opted to buy goods and services using LTC than BTC and<a href="https://ambcrypto.com/search/ethereum" target="_blank" rel="noopener" data-wpel-link="internal"> Ethereum [ETH]</a> combined.</p> 
<h4>Litecoin sees increased network activity</h4> 
<p>It was worth noting that LTC’s transaction count bumped significantly in December, shattering all previous records, AMBCrypto discovered using Glassnode data. The daily transactions hit their peak at 1.27 million on the 20th of December.</p> 
<p>In comparison, Bitcoin recorded less than half of this figure on the same day.</p> 
<div id="attachment_362465" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-number-of-transactions.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-362465" decoding="async" class="size-full wp-image-362465" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-number-of-transactions.png" alt="" width="1800" height="1013" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-number-of-transactions.png 1800w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-number-of-transactions-300x169.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-number-of-transactions-1024x576.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-number-of-transactions-768x432.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-number-of-transactions-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px"></a>
 <p id="caption-attachment-362465" class="wp-caption-text">Source: Glassnode</p>
</div> 
<p>Additionally, the USD value of coins transferred on-chain also witnessed a considerable move upward in December. LTC’s transfer volume averaged around $2.7 billion during the month, the highest since July.</p> 
<div id="attachment_362467" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-total-transfer-volume-usd.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-362467" decoding="async" class="size-full wp-image-362467" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-total-transfer-volume-usd.png" alt="" width="1800" height="1013" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-total-transfer-volume-usd.png 1800w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-total-transfer-volume-usd-300x169.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-total-transfer-volume-usd-1024x576.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-total-transfer-volume-usd-768x432.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/glassnode-studio_litecoin-total-transfer-volume-usd-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px"></a>
 <p id="caption-attachment-362467" class="wp-caption-text">Source: Glassnode</p>
</div> 
<h4>Litecoin’s market cap is still on the lower side</h4> 
<p>All said and done, Litecoin’s impressive on-chain indicators failed to exert any upward pressure on its native token. The “Digital Silver” lost 11% of its market value over the last month, according to <a href="https://coinmarketcap.com/currencies/litecoin/" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">CoinMarketCap</a>.</p> 
<p>In fact, LTC traded significantly below its 2023 peak in recent months. Even the halving event failed to provide a meaningful push to the coin, which was ranked 19th in the list of cryptos by market cap at the time of publication.</p>  
<p style="text-align: center;">Is your portfolio green? Check out the&nbsp;<a href="https://ambcrypto.com/calculator/litecoin-profit-calculator" target="_blank" rel="noopener" data-wpel-link="internal">LTC Profit Calculator</a></p>  
<p>However, there was something to cheer in between the muted price action. Litecoin’s NVT ratio, which is negatively correlated to transaction volumes, has been steadily declining over the past few months.</p> 
<p>This implied that network utilization outpaced market cap growth, historically seen as a bullish signal.</p> 
<div id="attachment_362471" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin-LTC-13.46.22-07-Jan-2024.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-362471" decoding="async" class="wp-image-362471 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin-LTC-13.46.22-07-Jan-2024.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin-LTC-13.46.22-07-Jan-2024.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin-LTC-13.46.22-07-Jan-2024-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin-LTC-13.46.22-07-Jan-2024-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin-LTC-13.46.22-07-Jan-2024-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin-LTC-13.46.22-07-Jan-2024-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Litecoin-LTC-13.46.22-07-Jan-2024-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <p id="caption-attachment-362471" class="wp-caption-text">Source: Santiment</p>
</div>

Litecoin flips Bitcoin on this front… again

AMBCrypto

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