Litecoin $103.0experienced an increase in network interaction in 2024, with an average of 401,000 active addresses per day. This represents a 10% increase from the 366,000 daily active addresses recorded in 2023. The increased activity demonstrates Litecoin’s resilience and continued importance in the cryptocurrency space.
Litecoin Data
New data shows that Litecoin is seeing a 10% year-over-year increase in the number of daily active addresses in 2024. This signals users’ continued participation in transaction processing and other blockchain activities on the network.
According to the report, Litecoin reached a new activity peak earlier this year. In January 2024, 1.37 million active addresses were registered in one day, making Bitcoin 
$95,971.3 and Ethereum 
$3,336.4It exceeded ‘s daily activity levels observed during the same period.
Miners’ Sales and Price Impact
The increase in Litecoin network activity was supported by miners’ decisions to stabilize their reserves. After the sales in December, miners stopped LTC sales and contributed to the price rising again.
Grayscale Investments continued to accumulate Litecoin during the recent market decline. The company purchased 2,230 LTC, increasing its total 30-day savings to over 41,100 LTC. This makes Grayscale one of the largest institutional investors in Litecoin.
Litecoin’s current trading price is $103, an increase of 41.29% in the last year. The market value is 7.7 billion dollars and the 24-hour trading volume is 746.82 million dollars.
According to expert predictions, Litecoin is in a strong uptrend and a significant rise in its price is expected in the near future. Technical indicators suggest that LTC could reach the $140-150 range and rise as high as $200 in the long term.
Litecoin’s increasing number of daily active addresses and institutional investor interest indicate a remarkable growth trend in the cryptocurrency market. Users’ and investors’ trust in Litecoin can have positive effects on future price movements.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
