Litecoin Payments Continue To Rise! Now 27% Of All Payments On Bitpay

The November payment stats are out for BitPay. Once again, Litecoin ranks as the second most popular choice for payments next to Bitcoin. Litecoin continues to climb as now 27% of users choose to pay with Litecoin. Litecoin is second best to Bitcoin when it comes to being used as a payment method. Litecoin also has the lowest fees to transact out of all the options on Bitpay with fees 1/10 of a penny.

Litecoin transactions make up now 66% of all of the Bitcoin transactions on Bitpay. This is impressive as Litecoin continues to grow as one of the best payment methods. Litecoin currently trades at 1.7% market cap of Bitcoin.

If it traded at 66% of Bitcoin's Market Cap it would have to increase by 38x. Litecoin currently trades at $77.08 at the time of this article and it would equate to a price of $2974 if it were to increase by 38x. Perhaps the data from Bitpay is showing that Litecoin is massively undervalued.

Litecoin has outperformed Bitcoin for the last 6 months also since the June lows and is now up 167% against Bitcoin.

Source: Bitpay https://bitpay.com/stats/

Learn more about Litecoin here on BitPays website:

https://bitpay.com/stats/ltc

If you're interested in accepting crypto through BitPay you can sign up here.

Sources:

1. https://coinmarketcap.com/

2. https://bitpay.com/stats/

3. https://www.tradingview.com/symbols/LTCBTC/