Litecoin’s price remains under pressure, trading near $55.20 amid a continued downward trend. Despite the bearish short-term price action, on-chain data from Coin Metrics shows significant network growth, with addresses holding LTC increasing from 7.5 million to 8.6 million since early 2024. Technical analysis indicates weak momentum as the asset struggles below a key $65 resistance level.
Litecoin is trading at approximately $55.20, marking a 2.8% decline over 24 hours. The asset has established a pattern of lower highs and lower lows since late 2025.
A key technical resistance level is now positioned at $65, a previous support zone that was broken. The Litecoin RSI hovers around 40, indicating weakened momentum without being oversold.
The On-Balance Volume indicator shows a downward trend, signaling reduced buying pressure. Prices are likely to remain in consolidation without renewed buyer interest to challenge the $65 level.
On-chain metrics reveal substantial network adoption growth. The number of wallet addresses holding a balance has grown from 7.504 million to 8.625 million since the beginning of 2024.
The Litecoin Foundation stated on X that this 15% increase is a sign of real-world use increasing. “On chain spotlight: Litecoin addresses with a balance have been steadily increasing since the beginning of 2024,” the foundation said.
This expansion in active addresses suggests more participants are holding LTC despite price volatility. The data points to potential long-term accumulation by network users.
