Litecoin has had an impressive year, increasing by nearly 50%. Although the market has recently declined, pulling the price below $87, selling pressure has eased, and LTC is currently trading above $107.
- Litecoin network activity has surged, with daily active addresses reaching 401,000 compared to 366,000 in 2023. Peaking in January, the network recorded 1.37 million active addresses in a single day, surpassing both Bitcoin and Ethereum.
- 53.9% of LTC is held for over a year, indicating long-term confidence from investors. On average, each LTC is held for 2.4 years.
- There are forecasts that LTC could reach $500 during this bullish phase, with RSI and MACD indicators suggesting an upward trend. 🚀