**Litecoin (LTC) Network Activity Doubles: Unique Addresses Surpass 700,000**LTC
In June, the Litecoin (LTC) blockchain saw a big jump in activity. The number of unique addresses using the network more than doubled, going from 345,000 in May to over 700,000. This increase happened as the network’s Relative Strength Index (RSI) entered its most favorable "Opportunity Zone" since September, according to data from on-chain analytics firm Santiment.
**Litecoin Network Activity Surges: Leading in Active Addresses**
Litecoin has recently experienced a surge in network activity, with a significant rise in the number of unique addresses using its blockchain. This shows growing interest and activity within Litecoin’s ecosystem.
Often called “the silver to Bitcoin’s gold,” Litecoin is known for processing transactions quickly and at low costs. Its technological advancements, like Segregated Witness (SegWit), have influenced the broader blockchain industry, including Bitcoin’s network.**Litecoin’s Technological Advancements and Price , implementing Segregated Witness (SegWit) before Bitcoin. This upgrade aimed to improve transaction speed and reduce fees, making LTC a pioneer in blockchain efficiency.In August 2023, Litecoin had its most recent halving event, which reduces the rate at which new LTC coins are created, affecting supply dynamics. Despite these advancements, LTC’s price performance has been relatively modest compared to Bitcoin.Over the past year, Litecoin’s price increased by just 1.2%, currently trading around $78.4 per coin. In contrast, Bitcoin, the leading cryptocurrency, surged by over 167% in the same period, reaching close to $70,000 per BTC.
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