As of February 22, 2025, Litecoin (LTC) is trading at approximately $128.09, reflecting a slight decrease of 6.13% from the previous close.
In 2024, Litecoin experienced a 10% increase in daily active addresses, averaging 401,000 addresses per day, up from 366,000 in 2023. Notably, in January 2024, active addresses peaked at 1.37 million, surpassing both Bitcoin and Ethereum during that period.
While increased active addresses often indicate heightened user engagement and can be a bullish signal, the context is crucial. For instance, a surge in address activity in early 2024 was linked to the rise of ordinals, which did not correspond to a sustained price increase.
In February 2025, rumors about a potential Litecoin ETF led to a price surge from $120.50 to $198.30 between February 2 and February 19. During this time, active addresses peaked at 350,000 on February 15, indicating increased user activity possibly driven by the ETF news.
Overall, while there's a correlation between active addresses and price movements, it's essential to consider the underlying factors driving user activity. Not all increases in active addresses lead to price appreciation, especially if the activity is due to non-speculative factors.
