Data from BitPay shows that Litecoin (LTC) is responsible for 34.05% of the net transaction count on the platform, indicating a spike in usage prior to its third halving event. This puts LTC in a position to potentially surpass Bitcoin (BTC) in number of BitPay transactions, as BTC currently holds 36.47%. The two most popular cryptocurrencies make up 70.5% of BitPay activity, while Ethereum (ETH) and Dogecoin (DOGE) combined only make up 15.5%. Despite the anticipation leading up to the halving event, LTC has since experienced a sell-off and is currently trading at $86.32, down almost 4% in the previous 24 hours.