On-chain data shows the Litecoin active addresses have reached a new all-time high recently. Here’s what this could mean for the asset’s price.
Litecoin Active Addresses Recently Set New All-Time High Of 1.4 Million
According to data from the market intelligence platform IntoTheBlock, the number of LTC active addresses has sharply spiked recently. The “active addresses” refer to those Litecoin addresses that are taking part in some kind of transaction activity (whether as a receiver or sender) on the blockchain.
The indicator of interest here is the total daily count of such unique active addresses. This metric’s value may be considered analogous to the total amount of traffic on the network.
When the indicator goes up, it means that more users are taking part in transactions on the blockchain right now. This kind of trend suggests that interest around the cryptocurrency is high currently.
On the other hand, declining values imply that investors may be putting their focus els
We współpracy z: https://bitcoinist.com/litecoin-active-addresses-all-time-high-price-next/
