IntoTheBlock Announced: This Altcoin Outperformed Ethereum (ETH)!

In the cryptocurrency market digital silver known as Litecoin (LTC) is once again seeing a large increase in daily active addresses.

According to the latest on-chain data revealed by IntoTheBlock, total Litecoin active addresses have surpassed Ethereum addresses.

Accordingly, on-chain data provider IntoTheBlock reported a significant increase in Litecoin activity and active LTC He said that their addresses increased by 75%, reaching the highest level since January.

According to these data, Litecoin, ETHIt left behind with more than 100,000 active addresses.

Similarly, Litecoin transactions, like the number of active addresses, also increased significantly, reaching 426,000 in a single day.

IntoTheBlock stated that although most of the transaction increase was due to transactions smaller than $10, there was a notable increase in transactions of all sizes, and said that this increase is an indicator of the interest in Litecoin and its increasing usage.

“Litecoin Activity Is Rising!

Yesterday, the number of active Litecoin addresses increased by 75%, reaching its highest level since January and surpassing Ethereum by over 100,000.

Similarly, the number of LTC transactions reached 426,000 yesterday.

“Although most of the increase comes from transactions smaller than $10, there is a noticeable increase in transactions of all sizes.”

What Awaits the Litecoin Price?

LitecoinLooking at the price of , IntoTheBlock analysts said that more than 1.4 million addresses purchased 10.53 million LTC at a maximum price of $91.6.

Analysts say that these addresses taking profits at $92 may prevent Litecoin from recovering at this level, but LTCHe stated that if it manages to stay above $92, it could experience a rapid rise towards $100.

Analysts also predict that if Litecoin miners maintain their monthly savings, the LTC price could surpass the important short-term resistance level at $92.

*This is not investment advice.