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$20,500: Litecoin User Pays a 200 LTC Transaction Fee to Move Less Than $1,000

A Litecoin user has recently sent a transaction that included a fee of little over 200 LTC (about $20,500) attached to it. The huge fee was attached to a transaction in which the sender was merely moving 8.88 LTC (around $910).

As first reported by Litecoin.com, the transaction was quickly mined by Chinese-based mining pool LTC.Top after being included within block 1636831. The mysterious transaction saw the average transaction fee on the Litecoin network surge from around $0.05 to $0.70.

This is notably the average transaction fee litecoin users were paying when the cryptocurrency was closed to its all-time high of $400 in December of 2017, before the crypto bear market saw the price of most cryptocurrencies drop…

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