#GasFeeImpact As of February 22, 2025, Litecoin (LTC) is trading at approximately $129.02, reflecting a decrease of 3.95% over the past 24 hours. The intraday high reached $138.79, with a low of $123.95.

Impact of Transaction Fees on Network Activity and Price:

Litecoin is renowned for its low transaction fees, which have historically been significantly lower than those of Bitcoin. For instance, during periods of high network congestion, Bitcoin fees might surge to $20 or more, while Litecoin's fees rarely exceed a few cents.

This cost-effectiveness has made Litecoin an attractive alternative for users, especially during times when Bitcoin's network experiences high fees. Notably, in May 2023, transactions on the Litecoin blockchain surged to all-time highs as high fees on the Bitcoin network sent crypto users scrambling for alternatives.

Despite increased network activity, Litecoin's transaction fees have remained relatively stable. For example, in December 2023, even as active addresses surged to an all-time high of 1.39 million, average miner earnings per block were $1.84, significantly lower than the $3.44 per block during the Ordinals frenzy in May of the same year.

The stability of transaction fees, even during periods of heightened activity, suggests that while network usage influences miner revenue, it doesn't necessarily lead to increased costs for users.