Network activity on Litecoin witnessed a significant uptick over the last week, with jump in daily active addresses and new addresses.
However, LTC’s absence from the latest lawsuit confirmed its image as a dependable decentralized asset that has long been impervious to external agencies’ aggressive stance.The asset’s increasing retail adoption was a testament to this narrative. Wallets containing less than 10 LTCs have soared in the last month and a half, according to Santiment.
The driving force behind this was theBut LTC’s growth was not just fueled by retail holdings. Large investors, also called whales, jumped on the bandwagon as well. Since the beginning of June, the user cohort holding 1,000-1 million coins has grown significantly.The positive sentiment surrounding LTC prompted investors to see the token as a long-term investment. Most of the large investors who amassed LTC tokens in June have been HODLing them rather than cashing them out.
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