Global #LTC

It's uncommon for Litecoin (LTC) to surpass Ethereum (ETH) in any metric. However, on June 6, the number of active addresses on Litecoin's network surged dramatically by 75%.

The rise in active addresses and transaction volume could significantly impact Litecoin's market performance, with analysts expecting a favorable trajectory for LTC's price.

Users were alarmed by the recent halving of Bitcoin transaction fees, which caused them to soar to over $100 this past weekend.

With more than five million long-term holders, the network now accounts for an astounding 62.5% of all LTC addresses with a balance.

On April 2, Litecoin [LTC] outperformed Bitcoin [BTC], spearheading a surge as the latter's price kept falling. Later on in the day, though, LTC reversed nearly all of the gains from a few hours earlier.

As LTC generates rewards for its holders, Litecoin's demand is rising.