Litecoin Price Spikes But On-Chain Activity Lags

Litecoin price has risen significantly recently, but on-chain metrics like transactions and active addresses remain stable, suggesting growth may not be tied to fundamentals.

Daily trading volume has spiked over $1 billion, indicating increased momentum and liquidity, though previous volume spikes have preceded price declines.

Number of new and active addresses not correlating with latest price rise, again implying growth tied more to overall crypto market than LTC itself.

Whale wallets holding over $1 million in LTC increasing, signaling bullishness from sophisticated investors.

Caution warranted as on-chain metrics decoupled from price, but hitting $100 still possible with LTC price 79% below all-time high.