Litecoin prices have climbed close to 100% this year. What caused these gains?
Litecoin's transaction fees have declined over the last year, making it easier for users to leverage this In a single year, median fees for these transactions have declined nearly 75%, according to BitInfoCharts data analyzed by SFOX.
to lower the fees associated with litecoin transactions by a factor of 10, as potentially bolstering the digital currency's price.Another major development that could potentially bolster litecoin prices is the halving event scheduled for later this year. Investors may have already started pricing in this event, pushing the digital currency higher, CoinDeskThis wouldn't be the first time, as the SFOX report emphasized that the market had"historically" priced these events in beforehand.Another factor that may have placed upward pressure on litecoin prices over the last few months is anticipation surrounding potential upgrades that could provide the digital currency's transactions with greater privacy.
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