Fifteen Years On, Litecoin Keeps Running While Traders Drift Away

Litecoin marked its 15th anniversary in October, yet the milestone arrived amid a sharp drop in investor appetite. By 8 November the token sat near $52, ranking 25th by market cap after losing 48 % over the past year and roughly 87 % from its all-time high above $410.

The underlying network shows no signs of neglect. Hashrate hovers around 3 PH/s, more than 200 000 addresses stay active daily, and September saw 4.93 million transactions processed with fees still measured in fractions of a cent.

Speaking at AIBC World in Rome on 4 November, creator Charlie Lee defended the project’s deliberate restraint. He argued that a payments-focused chain should avoid constant feature-chasing and instead prioritise stability and low-cost transfers.

That stance has come at a cost in attention. Daily active addresses averaged 260 000 in September, the lowest monthly figure since October 2023. Meanwhile the privacy layer MWEB recorded a record 567 921 LTC in September, hinting that core users still value the network’s original strengths.

Based on information from cryptonews.net