U.Today - The digital currency ecosystem is seeing a definitive recovery today as Bitcoin (BTC) and most altcoins are in the green. Litecoin (LTC) is among the protocols seeing an impressive price jump today after it a 7% upsurge to pare off some of the losses it has incurred in the past week.
In the week-to-date period, Litecoin is up by 6.54%, taking its spot trading price to $87.11. The steady growth in the digital currency has lent many theories that can help sustain the growth. One of these theories or reasons pushing the growth of Litecoin is the latest integration of the Lightning Network.
As by the protocol, the very first Lightning Network transaction has been carried out on the Litecoin blockchain, helping to push its scalability by up to 10x.
The Lightning Network is a Layer 2 protocol that is primarily built on the Bitcoin blockchain to help with expedited transactions and low cost.
It has worked effectively since its introduction to the Bitcoin protocol, and with the latest Litecoin Lightning Network transaction, the versatility of the solution is reinforced, to the benefit of all Litecoin users.
Other key Litecoin growth triggers
Also, the growing popularity of LTC-20 tokens has introduced a new utility to the Litecoin protocol, making it a more versatile and diversified blockchain protocol compared to its peers. Litecoin has always been a high flier and a that serves many different purposes for investors, including as a payment token and an investment asset.
This article was originally published on U.Today