Litecoin Network Activity Surges, Can LTC Reclaim $50?

Litecoin's network activity has been steadily growing over the past year, according to data from FORCEX. The altcoin's Adjusted Economic Value (AEV) has more than tripled since last year, reaching a record high of $58.43 million in transactions. This growth is attributed to an increase in real ledger usage, as indicated by the AEV metric.

One factor contributing to Litecoin's network activity growth is its exposure to traditional institutional capital. For instance, Swiss bank BancaStato now allows customers to buy, sell, and hold LTC directly within their normal accounts.

Litecoin's price has been attempting a recovery after breaking out of its consolidation phase between $41 and $45. However, the altcoin faces a key test at the $50 zone, which it needs to reclaim as support to avoid extending its bearish market structure.