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Litecoin’s active address surge: What it means for its price trend

2min Read

Litecoin regains momentum, which is supported by increased network activity. Eyes are now on the critical $120 resistance level for further gains.

Litecoin gains momentum: Price and active addresses see significant uptick

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  • LTC has seen declines after its spike in November. 
  • It has managed to stay above critical levels despite the declines.

Litecoin (LTC) saw a breather in the last trading session, finally seeing a major uptrend after previous downtrends. With increased market activity and a noticeable rise in daily active addresses, LTC is regaining its footing in the market.

This article dives into Litecoin’s price action, active address trends, and what these signals mean.

Key levels to watch in Litecoins’s price trend

Litecoin’s current price of around $106 sits just above its critical support level of $100. This level is reinforced by the 50-day moving average, which has consistently provided a safety net for the cryptocurrency.

On the upside, $120 remains a formidable resistance, as previous attempts to break through this level in December faced strong selling pressure.

Litecoin price trend

Source: TradingView

The golden cross, where the 50-day moving average crosses above the 200-day moving average, continues to provide a bullish signal. If Litecoin sustains its momentum and breaches the $120 mark, it could pave the way for a stronger rally toward $140.

Active addresses surge: Growing network activity

According to data from IntoTheBlock, daily active addresses have shown a consistent rise alongside Litecoin’s price recovery. Analysis showed that the number of active addresses climbed from October to December, reflecting increased user activity and interest.

The average daily active addresses for Litecoin reached 401,000 in 2024, marking an increase from 366,000 in 2023.

Litecoin active addresses 2023-2024

Source: IntoTheBlock

This surge is likely driven by traders capitalizing on LTC’s bullish momentum. The chart highlights correlate with price action, particularly during periods of market excitement. This interplay shows the role of increased participation in driving LTC’s value.

Market outlook: Bullish signs persist

Litecoin’s upward trajectory and growing network activity paint an optimistic picture for the cryptocurrency. However, investors should remain cautious as the $120 resistance level looms large.

A breakout above this could signal a sustained bull run, while failure to hold the $100 support might lead to renewed selling pressure.


 Is your portfolio green? Check out the Litecoin Profit Calculator


As Litecoin approaches the end of 2024, its performance will be closely watched, with its network activity providing valuable insights into its potential.

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Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations. Besides working on insightful articles that touch upon the crypto-space's hottest issues, he finds joy in supporting Manchester United and Afrobeat music.
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