The number of active users of Litecoin significantly impacts its price and market performance. In 2024, the average daily active addresses for Litecoin reached 401,000, an increase of nearly 10% compared to 2023, demonstrating users' ongoing interest in the Litecoin network. Additionally, the number of active addresses for Litecoin briefly surpassed that of Bitcoin and Ethereum in January 2024, reaching 1.37 million, marking an annual high. This increase in activity not only reflects Litecoin's practicality in the payment sector but also indicates that its user base and market recognition are continually expanding.

The increase in active users is closely related to the growth in Litecoin's trading volume. In 2024, Litecoin's trading volume significantly rose, with enhanced network activity driving up its price. Furthermore, the community engagement of Litecoin also positively affects its market performance. Litecoin's Reddit, Twitter, and Facebook communities have a large number of users with high engagement, which further boosts market confidence in Litecoin.

Overall, the increase in Litecoin's active user count and network activity not only enhances its market visibility but also provides strong support for its price, showcasing Litecoin's enduring relevance in the cryptocurrency market.