Cryptocurrencies, blockchain, NFT and new trends

Why is Litecoin price up today?


The price of Litecoin (LTC) crept higher on May 15 as the market assessed its entry into the thriving nonfungible token (NFT) mania.

LTC price rallied by more than 6.5% on May 15 to around $87.50, emerging as one of the best performers among the top-ranking crypto assets like Bitcoin (BTC) and Ether (ETH). LTC price is up 115% when measured from its market low of $40.25 in June 2022.

LTC/USD weekly price chart. Source: TradingViewLitecoin daily transactions throughout history. Source: BitInfoChartsLitecoin daily active addresses. Source: SantimentLTC supply in addresses with balance greater than 1,000 units. Source: MessariLTC/USD weekly price chart. Source: TradingView

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