Litecoin (LTC) has good external conditions and surpasses Ethereum in terms of indicators. Is this an opportunity? 🔥

Although Litecoin (LTC) has had a strong start to 2024, it has struggled in the second quarter, with the price recently falling by nearly 5%. However, Litecoin’s network activity has grown significantly in recent weeks.

The number of active addresses on the Litecoin blockchain surged by more than 75% on June 8, reaching over 600,000. This is a new high since January, indicating growing interest in the blockchain despite price pressure. Ahead of Ethereum in terms of active addresses, by at least 100,000 addresses.

Not only active addresses, but Litecoin’s transaction volume has also grown significantly. On June 8, the number of LTC transactions exceeded 426,000, but there was a noticeable increase in transactions of all sizes.

While strong network fundamentals and user increases typically drive the price of crypto assets, Litecoin’s price did not rise significantly following the latest on-chain disclosure.

Despite the increase in network activity, it has not been able to directly drive prices higher in the short term.

Big investors attract money?

From a graphic point of view, there is indeed room for operation in the short term, and positions can be opened at appropriate points.