Litecoin Price Eyeing $100 Again With High Address Activity
Litecoin has participated in the crypto market rally this year and shot past $100 twice in February and April respectively. But after facing a strong retracement to under $80, Litecoin (LTC) is once again picking up an upward trajectory. advertisement Market analysts believe that the recent push in the LTC price comes as Litecoin halving approaches closer, scheduled ahead this year in August 2023. But with Litecoin halving still three months away, there’s another factor at play behind the recent Litecoin price rally. Litecoin Active Addresses Jump With LTC20 Introduction As per on-chain data provider Santiment, although the transaction volumes on the Litecoin network have jumped gradually, the total number of active addresses has surged significantly. Active addresses referees to those interacting addresses on the blockchain and making transactions. But the high number of active addresses and low transaction volumes suggest that all the transact...