Litecoin’s user demand has hit a 2023 low, reflecting reduced network activity. Daily active addresses fell to 193,477, marking a significant drop in user engagement, indicating waning interest in the altcoin.

The price of Litecoin dropped 13% over the past week, now trading at 98.63 USD, which is below the crucial 100 USD Threshold. On-chain data shows negative sentiment at -0.45, predicting possible further declines toward 86.64 USD.