Litecoin turns out to be a preferred mode of payment for BitPay users. The reading of LTC’s MVRV ratio may put some pressure on long-term holders. According to a recent update by Litecoin, it was revealed that LTC was one of the most preferred forms of payment among other major cryptocurrencies.
![Litecoin [LTC] outcompetes other major cryptocurrencies in this area](https://images.cryptocompare.com/news/default/ambcrypto.png "Litecoin [LTC] outcompetes other major cryptocurrencies in this area")
