Litecoin Sees Explosive Growth with 53 Million New Addresses Added

Litecoin has seen significant growth in new addresses added to its network over the past year. According to recent data, Litecoin added over 53 million new addresses in the last 12 months, averaging more than 4.4 million per month.

This surge in adoption comes despite a bearish structure in the market, with the price of Litecoin currently holding below the EMA50 resistance at $45.01. However, there are signs of momentum building, as indicated by the MACD golden cross at -0.12.

The Relative Strength Index (RSI) is neutral at 55.95, and the Bollinger band position suggests that Litecoin's price may be due for a test of upper resistance at $45.04 before any potential retracement towards lower support at $43.91.