Litecoin flips Bitcoin on this front… again


LTC’s share of the global payments surged to an ATH of 38.25% in December.

Litecoin’s daily transactions hit their peak in December.

In a major milestone, Litecoin [LTC] became the most used crypto for payments for the second straight month in December, outperforming all major assets, including Bitcoin [BTC].

Litecoin beats Bitcoin again

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.

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%.

In fact, a closer look showed that more people opted to buy goods and services using LTC than BTC and Ethereum [ETH] combined.

Litecoin sees increased network activity

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. In comparison, Bitcoin recorded less than half of this figure on the same day.

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.

Litecoin’s market cap is still on the lower side

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 CoinMarketCap.

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.

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.

This implied that network utilization outpaced market cap growth, historically seen as a bullish signal.

Source : AMBCrypto by Aniket Verma / Jan 7, 2024 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.