↖️ Litecoin (#LTC ) witnessed a noticeable increase in network activity, which may indicate a possible price increase soon.
🟢According to recent data from “#santiment ”, the Litecoin network #LTC✅ saw the interaction of about 704,000 unique addresses on average over the past week.
⚪While the network saw only 345,000 addresses during the entire month of May.
✔️ This significant growth in active addresses reflects a growing interest and greater use of the cryptocurrency Litecoin.
LTC, created by Charlie Lee in 2011, is known as “silver” while Bitcoin#bitcoin represents “gold.”
🔵Although both currencies share the same basic principles, Litecoin features faster transaction times and a different hashing algorithm, making it more suitable for small transactions and daily use.
🔴Litecoin is currently trading at $77.
Since the beginning of the year, the cryptocurrency has risen by 8.5%, although it still lags behind Bitcoin and Ethereum#etherreum in terms of price performance.
♦️With these positive indicators and increased activity on the network, it seems that Litecoin may be ready for a significant rise in the near future.