After a dip in September 2020, the transaction fees for Litecoin reveal a steady overall growth well into 2021. Between January 2021 and February 2021, the fee for a transaction involving the LTC cryptocurrency increased by nearly 10 percent. Growing transaction fees refer to both the number of Litecoin transactions that are waiting in line to be processed on the blockchain, and are also meant as an incentive to miners to process these transactions. The number of daily transactions for Litecoin reached over 100,000 in September 2020 - a figure it reached again over the course of February 2021.
Mean transaction fee of Litecoin from April 2013 to October 25, 2021
(in U.S. cents)
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Coin Metrics. (October 26, 2021). Mean transaction fee of Litecoin from April 2013 to October 25, 2021 (in U.S. cents) [Graph]. In Statista. Retrieved October 08, 2024, from https://www.statista.com/statistics/1224417/transaction-fees-litecoin/
Coin Metrics. "Mean transaction fee of Litecoin from April 2013 to October 25, 2021 (in U.S. cents)." Chart. October 26, 2021. Statista. Accessed October 08, 2024. https://www.statista.com/statistics/1224417/transaction-fees-litecoin/
Coin Metrics. (2021). Mean transaction fee of Litecoin from April 2013 to October 25, 2021 (in U.S. cents). Statista. Statista Inc.. Accessed: October 08, 2024. https://www.statista.com/statistics/1224417/transaction-fees-litecoin/
Coin Metrics. "Mean Transaction Fee of Litecoin from April 2013 to October 25, 2021 (in U.S. Cents)." Statista, Statista Inc., 26 Oct 2021, https://www.statista.com/statistics/1224417/transaction-fees-litecoin/
Coin Metrics, Mean transaction fee of Litecoin from April 2013 to October 25, 2021 (in U.S. cents) Statista, https://www.statista.com/statistics/1224417/transaction-fees-litecoin/ (last visited October 08, 2024)
Mean transaction fee of Litecoin from April 2013 to October 25, 2021 (in U.S. cents) [Graph], Coin Metrics, October 26, 2021. [Online]. Available: https://www.statista.com/statistics/1224417/transaction-fees-litecoin/
