- Litecoin has completed more than 20 million transactions in 2024 so far.
- LTC’s price moved marginally last month, and indicators looked bearish.
Litecoin [LTC] has shown commendable performance in the last few weeks in terms of network usage. The hike in usage clearly meant that the coin’s adoption was also on the rise.
However, this did not correspond with the coin’s price action, as it only moved marginally over the last month.
Is Litecoin’s network growing?
As per the latest data, the year 2024 has been good so far for Litecoin as its network activity increased. Litecoin’s transaction count by size was quite evenly spread over transactions, from $1 to $1000.
In fact, since the beginning of 2024, the blockchain has already processed more than 20 million transactions, which is a commendable figure.
Source: X
Though at first sight this might look optimistic, AMBCrypto’s analysis of Santiment data revealed a different story. The analysis revealed that the blockchain’s daily active addresses dropped sharply over the last 30 days.
Similarly, its velocity also plummeted, meaning that LTC was used in transactions less often within a set time frame. These two metrics suggested that, despite having a high transaction count, the blockchain’s network activity actually declined over the last month.
Source: Santiment
Litecoin investors are not happy
While the blockchain’s network activity gave mixed signals, LTC’s price action remained sluggish. This was evident from the fact that the price rose by only over 1% in the last 30 days.
According to CoinMarketCap, at the time of writing, LTC was trading at $70.29 with a market capitalization of over $5.2 billion, making it the 20th largest crypto.
Our analysis of Santiment’s data revealed that Litecoin’s social volume remained relatively low through the last month, reflecting a drop in its popularity.
Apart from that, bearish sentiment around the coin also increased over the last few days as its weighted sentiment graph dropped.
Source: Santiment
Since social sentiment was negative, AMBCrypto planned to check Litecoin’s daily chart to find out what investors should expect from the coin. As per the analysis, things were looking pretty bearish as most market indicators supported the sellers.
Read Litecoin’s [LTC] Price Prediction 2024-25
For instance, both Litecoin’s Relative Strength Index (RSI) and Money Flow Index (MFI) registered downticks, hinting at a price decline in the coming days.
Additionally, its Bollinger bands pointed out that the coin’s price was in a less volatile zone, further suggesting that the chances of an unprecedented price uptick were unlikely.
Source: TradingView
- Litecoin has completed more than 20 million transactions in 2024 so far.
- LTC’s price moved marginally last month, and indicators looked bearish.
Litecoin [LTC] has shown commendable performance in the last few weeks in terms of network usage. The hike in usage clearly meant that the coin’s adoption was also on the rise.
However, this did not correspond with the coin’s price action, as it only moved marginally over the last month.
Is Litecoin’s network growing?
As per the latest data, the year 2024 has been good so far for Litecoin as its network activity increased. Litecoin’s transaction count by size was quite evenly spread over transactions, from $1 to $1000.
In fact, since the beginning of 2024, the blockchain has already processed more than 20 million transactions, which is a commendable figure.
Source: X
Though at first sight this might look optimistic, AMBCrypto’s analysis of Santiment data revealed a different story. The analysis revealed that the blockchain’s daily active addresses dropped sharply over the last 30 days.
Similarly, its velocity also plummeted, meaning that LTC was used in transactions less often within a set time frame. These two metrics suggested that, despite having a high transaction count, the blockchain’s network activity actually declined over the last month.
Source: Santiment
Litecoin investors are not happy
While the blockchain’s network activity gave mixed signals, LTC’s price action remained sluggish. This was evident from the fact that the price rose by only over 1% in the last 30 days.
According to CoinMarketCap, at the time of writing, LTC was trading at $70.29 with a market capitalization of over $5.2 billion, making it the 20th largest crypto.
Our analysis of Santiment’s data revealed that Litecoin’s social volume remained relatively low through the last month, reflecting a drop in its popularity.
Apart from that, bearish sentiment around the coin also increased over the last few days as its weighted sentiment graph dropped.
Source: Santiment
Since social sentiment was negative, AMBCrypto planned to check Litecoin’s daily chart to find out what investors should expect from the coin. As per the analysis, things were looking pretty bearish as most market indicators supported the sellers.
Read Litecoin’s [LTC] Price Prediction 2024-25
For instance, both Litecoin’s Relative Strength Index (RSI) and Money Flow Index (MFI) registered downticks, hinting at a price decline in the coming days.
Additionally, its Bollinger bands pointed out that the coin’s price was in a less volatile zone, further suggesting that the chances of an unprecedented price uptick were unlikely.
Source: TradingView
can i get generic clomid for sale can i order clomiphene prices where buy cheap clomiphene clomid uk buy how to get generic clomid without prescription cost of cheap clomid without insurance cost clomiphene without a prescription
This is the kind of scribble literary works I rightly appreciate.
This is the big-hearted of scribble literary works I positively appreciate.
rybelsus 14 mg cheap – buy rybelsus generic cyproheptadine 4 mg over the counter
motilium uk – buy cyclobenzaprine 15mg online cheap flexeril 15mg generic
order generic inderal – purchase methotrexate generic methotrexate 2.5mg generic
cheap amoxil tablets – cheap valsartan 80mg order ipratropium pills
oral azithromycin – bystolic over the counter nebivolol 20mg over the counter
order generic amoxiclav – https://atbioinfo.com/ ampicillin for sale
esomeprazole without prescription – anexa mate order nexium 40mg for sale
cost warfarin 2mg – anticoagulant order cozaar 25mg sale
meloxicam 15mg price – tenderness oral mobic
order deltasone online cheap – aprep lson deltasone for sale online
non prescription ed drugs – fastedtotake.com buy ed pills fda
buy amoxil pills for sale – combamoxi.com how to buy amoxil
fluconazole ca – buy forcan without a prescription fluconazole 200mg without prescription
cenforce uk – on this site buy cenforce 100mg online
where to buy cialis over the counter – https://ciltadgn.com/ cialis free trial 2018
tadalafil generic 20 mg ebay – https://strongtadafl.com/# where can i buy cialis on line
buy ranitidine 300mg for sale – site order ranitidine 300mg without prescription
Thanks on putting this up. It’s well done. this
The sagacity in this serving is exceptional. https://ursxdol.com/ventolin-albuterol/
I am in fact delighted to glitter at this blog posts which consists of tons of useful facts, thanks towards providing such data. https://prohnrg.com/product/acyclovir-pills/
I couldn’t weather commenting. Profoundly written! https://aranitidine.com/fr/lasix_en_ligne_achat/