As its use for payments increased to a new all-time high, #Litecoin, a cryptocurrency that is frequently referred to as the silver to #Bitcoin's gold, reported an amazing 167 million transactions.

The #cryptocurrency's price has been steadily increasing over the last several days as the overall cryptocurrency market has recovered, and it has increased by more than 15% over the past week. Prior to its impending August 2 halving event, Litecoin has been outperforming.