Litecoin Gains Steam Amid Crypto Rally, On-Chain Data Shows Growing Adoption and New Users
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Litecoin price has held the $70 level for 3 days, first time since August amid crypto rally
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On-chain data shows Litecoin adoption growing, with 44,000 more funded wallets since H2 2023
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New user transactions spiked to 49.44% of network activity on Nov 4, well above 30-day average
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If network growth continues, rising demand could push Litecoin price to $100 target in 2024
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Next key resistance at $76 where 364k holders bought 4.53M LTC; break above needed to reclaim $80