HIGH holder profit: With 72% of Litecoin holders in profit, the cryptocurrency reflects investor confidence. This solid performance affirms its relevance and position within the cryptocurrency space, showcasing enduring faith among its community. Such metrics place it favorably against other Layer 1 cryptocurrencies like Cardano and Dogecoin.

Network engagement: Litecoin’s engagement is evident with 370,000 active addresses and 200,000 daily transactions. These figures highlight its efficiency and popularity within the market. Such robust activity suggests that Litecoin remains a go-to cryptocurrency for users valuing efficient transaction processes within the digital currency realm.

Bullish trend sign: A recent bullish breakthrough at the 50-week moving average potentially signals a trend reversal. If Litecoin maintains its position above this average, it could lead to further price increases, targeting resistance-turned-support at $180. This can attract new investments, supported by a strong MACD reading.