Like BTC, LTC is starting to readjust as its halving approaches. IntoTheBlock published statistics regarding the growth of LTC addresses, and the details are likely to surprise you.
At the beginning of this month of June, when we were at Day-61 of the LTC halving, we counted 8.8 million LTC addresses with a balance.
Till June 19th, daily active addresses have increased by 28% over 7 days, and new addresses have increased by 54.6% over 7 days!
In other words, the key indicators on the LTC blockchain indicate significant progress in recent times.
As for the number of LTC addresses, Glassnode has provided figures close to 200 million, surpassing the number of ETH addresses, which stands at 181 million.
It is also worth noting that in May, Litecoin surpassed Bitcoin in the same ranking.
The imminent Litecoin halving, scheduled for August 2nd, is certainly a contributing factor. We should also not overlook the crypto market recovery.
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