Litecoin (LTC) active addresses soar consistently as holders profit

December 31, 2023 11:21 PM AEDT | By Invezz

Litecoin (LTC) active addresses soar consistently as holders profit — Image source: Invezz

Litecoin hits new record in daily transactions

LTC attained a key milestone in 2023 as the daily transaction metric surpassed 1 million for the first time. It gained 8.24% over the last twelve months, whereas holders saw their portfolios increase by around 7% in December.

Meanwhile, Santiment data shows Litecoin active addresses surged between 11 November and 31 December. Also, the token’s price climbed from the low of $58.83 to the 8 December local peak of $76.28 despite significant profit-booking.

LTC Price & Daily Transactions on Santiment

Large-scale investors also interact with LTC. Santiment shows massive transfers matched upticks in the Network Realized Loss/Profit indicator. That shows profit-taking didn’t influence LTC uptrends.

LTC price outlook

Litecoin changed hands at $73.96 at this publication, up 1.05% in the previous 24 hours. Meanwhile, it has a substantial correlation with the second-largest crypto, Ethereum. Thus, Litecoin will likely mimic Ether’s performance.

ETH gained nearly 1% on its daily chart to trade at $2,308.26. Meanwhile, it has maintained beyond $2.2L since 21 December, and the sustained uptrend has contributed to LTC price surges.

The post Litecoin (LTC) active addresses soar consistently as holders profit appeared first on Invezz

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