Global #LTC

Litecoin (LTC), a prominent cryptocurrency often referred to as the "digital silver," has recently experienced a significant surge in network activity, suggesting a potential price rally on the horizon. Data from on-chain analytics platform Santiment reveals a substantial increase in unique addresses interacting on the Litecoin network.

It's uncommon for Litecoin (LTC) to surpass Ethereum (ETH) in any metric. However, on June 6, the number of active addresses on Litecoin's network surged dramatically by 75%.

The rise in active addresses and transaction volume could significantly impact Litecoin's market performance, with analysts expecting a favorable trajectory for LTC's price.

Users were alarmed by the recent halving of Bitcoin transaction fees, which caused them to soar to over $100 this past weekend.

With more than five million long-term holders, the network now accounts for an astounding 62.5% of all LTC addresses with a balance.

On April 2, Litecoin [LTC] outperformed Bitcoin [BTC], spearheading a surge as the latter's price kept falling. Later on in the day, though, LTC reversed nearly all of the gains from a few hours earlier.