Litecoin price reversed its gains on Friday, despite on-chain activity signaling rising interest from market participants. LTC’s on-chain address acti
Litecoin address activity and whale transactions hit levels previously seen in June 2023. Dormant LTC tokens are on the move, indicating that a higher volume of Litecoins are circulating among traders. LTC price is likely to recover with bullish on-chain metrics. vity and whale transactions spiked, hitting levels seen nearly four months ago.
After trending below 5,000 for the past month, on October 26,the total volume of whale transactions, valued at $100,000 or higher, hit 7,418 in Litecoin. Another key milestone was the movement of dormant LTC tokens. The most number of LTC wallets that were inactive previously moved LTC – the highest volume in the past six weeks. According to Santiment, daily active addresses climbed to 319,000, the largest spike since June 2023.
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