Cryptocurrency Litecoin (LTC) has reportedly surged over 8.5% in the past 24 hours at the $83.50 price zone with a market cap of $5.9 billion.
It has been identified that LTC is said to be able to climb again to pass the $90 level following the digital asset has managed to break through the $80 resistance level.
This follows because LTC is one of the altcoins that saw an encouraging performance throughout the last month by gaining 20% on the monthly chart and rising 30% for the three-month chart.
In fact, the digital asset has made huge gains despite Bitcoin (BTC) and Ethereum (ETH) as well as other altcoins experiencing drastic price drops.
Returning to the reason for the surge, the LTC wallet address is said to have increased when the LTC wallet has now increased to 162 million compared to the beginning of this year which was only 117 million.
Not only that, the LTC network also achieved some important milestones when $1 trillion was transferred on the digital asset network since its inception.
But it should also be noted that the LTC team has worked hard to successfully upgrade the Mimblewimble protocol that creates strong privacy and security features.
That streak, LTC will not stop renewing in reaching the position of the top 10 crypto list and not forgetting its target to break through the $100 price zone before the end of 2022.
