Ethereum

Litecoin

Million

Coin

<ul> 
 <li>Litecoin reaches a record 25 million Ordinals, reflecting robust network activity.</li> 
 <li>Price increases by 5%, signaling a potential bullish trend.</li> 
</ul> 
Litecoin ($LTC) has experienced significant growth, adding 1.5 million Ordinals in just two weeks. This increase aligns with CNF’s previous highlight on <a href="https://www.crypto-news-flash.com/litecoin-ltc-fundamentals-look-promising-for-investors-why/">significant fluctuations in the number of addresses on the Litecoin network</a> during this time, offering insightful information about user involvement and market sentiment. 
Litecoin is known as a decentralized digital currency that enables seamless, near-zero-cost payments globally. According to an update tweet from Litecoin, the breaking news shared that a record 25 million Ordinals have now been inscribed on the Litecoin blockchain. This surge in activity demonstrates the network’s capacity to handle increased transactions efficiently. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 BREAKING: A record 25 MILLION Ordinals have now been inscribed on Litecoin! <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Litecoin</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LTC</a> Adding 1.5 million in just two weeks. <a href="https://twitter.com/hashtag/Ordinals?src=hash&amp;ref_src=twsrc%5Etfw">#Ordinals</a> <a href="https://twitter.com/hashtag/LTC20?src=hash&amp;ref_src=twsrc%5Etfw">#LTC20</a> <a href="https://t.co/IzOwUVKZXE">pic.twitter.com/IzOwUVKZXE</a> 
 — Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1806316184515850623?ref_src=twsrc%5Etfw">June 27, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
At the beginning of June, Litecoin saw a 75% increase in active addresses and 426,000 transactions, <a href="https://www.crypto-news-flash.com/charlie-lee-reveals-litecoins-progress-and-future-at-consensus-2024/">reflecting growing user engagement</a> and surpassing Ethereum in active addresses. These metrics indicate a rising interest and potential for broader adoption of Litecoin. 
<h2 id="strong-positive-price-movement-strong">Positive Price Movement</h2> 
According to a news update in Coin Market Cap Today, there are three main aspects on how Litecoin breaks the bearish trend with 25 million Ordinals, price up 5%: 
<ol> 
 <li>Surge in Ordinals Activity: Litecoin added 1.5 million Ordinals in two weeks, reaching a record 25 million, demonstrating the network’s capacity to handle increased transactions efficiently.</li> 
 <li>Increased Network Activity and Adoption: Litecoin saw a 75% increase in active addresses and 426,000 transactions at the beginning of June, reflecting growing user engagement and surpassing Ethereum in active addresses.</li> 
 <li>Positive Price Movement: Despite a bearish trend, Litecoin’s price gained 5.2% recently, moving from $70.5 to $83.68, supported by a bullish divergence and increased network activity.</li> 
</ol> 
Furthermore, according to CoinMarketCap data, at the time of writing, Litecoin (LTC) trades at $73.27, with an increase of 3.34% in the past day and 0.94% in the past week. 
Some crypto analysts regard Litecoin as a “sleeping giant” awaiting a bullish signal to reach a new all-time high (ATH). For more details on Litecoin’s market trends, refer to the previous CNF post titled <a href="https://coinmarketcap.com/" target="_new" rel="noreferrer noopener">Is Litecoin (LTC) Heading Towards $63? Market Indicators Suggest Bearish Trend</a>. 

<div class="cryptoboxes" id="mcw-435419" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="litecoin" data-symbol="LTC" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
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Litecoin Breaks Bearish Trend with 25 Million Ordinals, Price Up 5%

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Crypto News Flash

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