Litecoin has remained stable over the last few weeks, with the crypto community continuing with the halving countdown. The alternative token shows strength even as Bitcoin and other cryptos encounter selling momentum. LTC gained 14% over the past seven days to overcome its near-term obstacle at $90.
Meanwhile, analysts attribute Litecoin’s latest price surges to the bullishness that emerged ahead of the upcoming LTC halving (August 2023). The latest Glassnode data shows a massive increase in Litecoin’s active addresses – with over 832K LTC addresses participating as receivers or senders.