Data from CoinGate showed LTC was the third most used cryptocurrency for payments in January, accounting for 17.7% of transactions. That puts the coin just only behind Bitcoin and USD Coin [USDC].
That share was also higher than in December, back when, it was 16.4%; the number now is a considerable growth.
Source: X
At the same time, activity on Litecoin’s opt-in privacy layer, MWEB, hit a new high. The balance of LTC locked into MWEB climbed massively over the past month, with record peg-ins.
Even with weak market sentiment, Litecoin’s payment utility and network usage remains firmly intact.
Final Thoughts
- Litecoin’s price is weak, but payment usage and growing MWEB activity prove demand has not disappeared.
- Institutional support and real-world utility continue to anchor LTC.
Source: https://ambcrypto.com/ltc-hits-multi-month-lows-yet-litecoin-usage-keeps-climbing-explained/
