IntoTheBlock Announced: This Altcoin Surpassed Ethereum (ETH)!

Litecoin (LTC), known as digital silver in the cryptocurrency market, is once again seeing a large increase in daily active addresses.

According to the latest on-chain data revealed by IntoTheBlock, total Litecoin active addresses have surpassed Ethereum addresses.

Accordingly, on-chain data provider IntoTheBlock said there was a significant increase in Litecoin activity, with active LTC addresses increasing by 75%, reaching the highest level since January.

According to this data, Litecoin surpassed #ETH by more than 100,000 active addresses. Similarly, Litecoin transactions, like the number of active addresses, also increased significantly, reaching 426,000 in a single day. IntoTheBlock stated that although most of the transaction increase was due to transactions smaller than $10, there was a notable increase in transactions of all sizes, and said that this increase was an indication of the interest in #Litecoin and its increasing usage.

“Litecoin Activity Is Rising!

Yesterday, the number of active Litecoin addresses increased by 75%, reaching its highest level since January, surpassing Ethereum by over 100,000.

Similarly, the number of #LTC transactions reached 426,000 yesterday. Although most of the increase is due to transactions smaller than $10, there is a noticeable increase in transactions of all sizes.”

Analysts stated that these addresses taking profits at $92 may prevent Litecoin from recovering at this level, but if #LTC manages to stay above $92, it may experience a rapid rise towards $100.

Analysts also predict that if Litecoin miners maintain their monthly savings, the #LTC price could surpass the important short-term resistance level at $92.
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