Number of Active LTC Addresses Spiked As LTC20 Was Introduced

The blockchain intelligence firm Santiment shared their latest insights report for Litecoin (LTC) in a tweet yesterday. Notably, there has been an exponential increase in micro LTC addresses, which are addressed with less than 0.001 LTC, since 1 May 2023. At press time, LTC was trading at $80.33 following a 24-hour gain of 2.66% according to CoinMarketCap. The altcoin was able to outperform Bitcoin (BTC) as well and was up against the market leader by 0.48%. LTC was also trading close to its daily high of $80.74, which suggested that LTC’s price may print a new daily high in the following hours. Meanwhile, its 24-hour low was at $77.85.

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