Litecoin Adoption Surges, Price Hike Imminent

• Litecoin’s total number of accounts surpassed that of Ethereum as the former crossed the 200 million mark recently.
• Several metrics looked bullish for LTC, as were the market indicators.
• Litecoin’s price moved sideways, however its daily active addresses and on-chain transaction volume in profit both increased last week.

Litecoin Adoption Outdoes Ethereum

Litecoin [LTC] recently crossed the 200 million mark with 20 million more addresses than Ethereum [ETH]. This indicates a strong surge in adoption for LTC, which has been further backed by several other bullish metrics and market indicators.

Network Activity on The Rise

Daily active addresses also spiked, reflecting increased usage. Besides that, LTC‘s velocity was up indicating it was used more often within a set time frame. Moreover, Litecoin’s daily on-chain transaction volume in profit also increased last week.

Price Moves Sideways

Despite these positive developments on the network side, Litecoin’s price action did not follow suit as it only saw a marginal increase of 1% over the past seven days. At press time, it was trading at $77.43 with a market capitalization of over $5.6 billion. It is however worth noting that whale activity remained high while sentiment around LTC improved last week according to Santiment’s chart and data from Coinglass revealed that current trend may soon end which could lead to a price hike for LTC in the coming days.

Bullish Market Indicators Point To Price Hike

Litecoin’s daily chart showed several bullish indicators suggesting an upcoming price hike such as MACD displaying possibility of a bullish crossover and RSI & MFI both increasing significantly in recent times .


In conclusion ,the blockchain’s performance looks something to rejoice over with various metrics and indicators all pointing towards a strong surge in adoption along with an upcoming price hike for Litecoin (LTC).