- Santiment has signaled a potential LTC rally soon.
- Active addresses on Litecoin surged to 704,000 in June.
- LTC’s RSI indicator has dropped to an “opportunity zone.”
Santiment, a crypto market analysis platform focusing on on-chain and social metrics, suggests a potential bounce may occur in Litecoin’s price. In a recent post on X, Santiment highlighted that approximately 704,000 addresses interacted on the Litecoin network in the past week, up from an average of about 345,000 addresses throughout May.
Litecoin has averaged ~704K unique addresses interacting on the network over the past week after averaging ~345K addresses throughout May. The network more than doubling in active addresses, along with its RSI well into an opportunity zone, may be foreshadowing an $LTC bounce. pic.twitter.com/7AJfY1tTSJ— Santiment (@santimentfeed) June 11, 2024
According to Santiment, the surge in active addresses on the Litecoin network and the Relative Strength Index (RSI) indicator moving well into an “opportunity zone” could foreshadow an LTC bounce. Santiment included a screenshot of the Litecoin price daily chart, showing that the RSI indicator has not fa…
The post Litecoin Price Poised for Rebound, On-Chain Metrics Signal appeared first on Coin Edition.