Litecoin Capitalizes on Bitcoin Fees with Record Transactions

Soaring in transactions and new registered wallets, LTC’s second breath is mostly thanks to the LTC-20 experimental protocol.

Angel standing on a Litecoin with a light beaming through her chest. Next to her, Bitcoins flying with wings.
Created by Kornelija Poderskytė from DailyCoin
  • Litecoin hits record 576,000 transactions amid growing BTC fees.
  • A rapidly growing number of addresses indicates increased interest.
  • The LTC-20 experimental standard brings NFTs to the LTC network.

The OG altcoin Litecoin (LTC) is back in the limelight as crypto traders flock to alternative cryptocurrencies in the wake of Bitcoin’s fee hike. On top of that, the second largest digital asset, Ethereum (ETH), hit record gas fees, significantly calming the trading activity on the largest PoS (Proof-of-Stake) network.

Furthermore, the Litecoin community recently proposed the LTC-20 protocol by emulating the BRC-20. This has created 850 LRC-20 tokens, which are not minted yet. The freshly introduced experimental standard might also give more utility to one of the oldest blockchains. Ultimately, this would enable the Litecoin network to store NFTs similarly to Bitcoin Ordinals but with significantly lower gas fees.

What to Expect from the LTC-20 Protocol

The Litecoin Ordinals protocol standard takes inspiration from Bitcoin’s BRC-20, which set off a trend earlier this year. The unprecedented NFT inscriptions onto Bitcoin became an alternative way for NFT enthusiasts to mint non-fungible tokens. 


Now, “the extremely dynamic experiment,” as described by the proposal’s author, is coming up in full swing, as the inaugural NFT collection Litecoin Punks will test out the fungibility of the OG blockchain. 

The game-changing developments have put Litecoin back on the pedestal on Twitter, as LTC is one of the most talked about cryptos today. With over 21 million social engagements, LTC, originally modified from Bitcoin’s codebase, just broke another record.

On the Flipside

  • The technical and social advancements are yet to reflect Litecoin’s market value.
  • At press time, #15 ranked LTC trades at $79.77 with a 10.2% weekly downturn.

Why You Should Care

Litecoin is one of the earliest cryptocurrencies, dating back to 2011.


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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.