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<a href="https://bitcoinworld.co.in/litecoin-ltc-network-activity-soars-as-unique-addresses-double-to-over-700000/" title="Litecoin (LTC) Network Activity Soars As Unique Addresses Double To Over 700,000" rel="noopener noreferrer nofollow"></a>
The <a href="https://bitcoinworld.co.in/litecoin-ltc-price-analysis-can-bulls-hold-this-key-support/" rel="noopener noreferrer nofollow">Litecoin</a> (LTC) blockchain has witnessed a surge in network activity this month, with the number of unique addresses interacting with the network more than doubling from 345,000 in May to over 700,000.
According to <a href="https://twitter.com/santimentfeed/status/1800400835475804355" rel="noopener noreferrer nofollow">data</a> from on-chain analytics firm Santiment this key metric, comes as the network’s Relative Strength Index (RSI) enters its best “Opportunity Zone” region since September.&nbsp;
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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> Litecoin has averaged ~704K unique addresses interacting on the network over the past week after averaging ~345K addresses throughout May. The network more than doubling in active addresses, along with its RSI well into an opportunity zone, may be foreshadowing an <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a> bounce. <a href="https://t.co/7AJfY1tTSJ" rel="noopener noreferrer nofollow">pic.twitter.com/7AJfY1tTSJ</a>
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1800400835475804355?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 11, 2024</a>
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Unique addresses interacting with a network suggests growing traffic on the network and stronger user interest.
The official Litecoin account on the microblogging platform X (formerly known as Twitter) also highlighted this recent surge in network activity, sharing a chart depicting the number of active addresses from market intelligence platform IntoTheBlock, and saying Litecoin “is the most active blockchain in the world.”
Interestingly, Litecoin’s active addresses have surpassed even those on Bitcoin and Ethereum, the top two cryptocurrencies by market capitalization.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Litecoin is the most active blockchain in the world!!! Surpassing <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> and <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> in active addresses. More people using Litecoin than any other crypto right now! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;">
 What's in your wallet? <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Litecoin</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a> <a href="https://t.co/3wxmjSRU1m" rel="noopener noreferrer nofollow">pic.twitter.com/3wxmjSRU1m</a>
 — Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1800285747674857592?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 10, 2024</a>
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Litecoin has historically ranked highly in usage metrics due to its network’s ability to facilitate cheap and fast transactions and if often referred to as the silver to Bitcoin’s gold, serving as a network that uses technology that is then implemented on the main bitcoin blockchain.
Litecoin implemented Segregated Witness (SegWit) before the Bitcoin blockchain, for example, and saw its latest halving occur back in August 2023. Despite its technology and recent activity surge, LTC’s price has been somewhat stagnant.
Over the last year LTC moved up just 1.2% to now trade at $78.4, while the flagship cryptocurrency Bitcoin saw its price move up over 167% over the same period, now trading near the $70,000 mark.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Litecoin (LTC) Network Activity Soars As Unique Addresses Double To Over 700,000

ItsBitcoinWorld

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