The on-chain metrics for Litecoin (LTC) suggest that it is currently undervalued and in an accumulation phase, indicating a potential buying opportunity for investors. Despite struggling with price momentum, LTC has seen a significant increase in network activity with a 30% surge in hashrate since the beginning of the year. This rise in network security and miner participation reinforces Litecoin's position in the crypto space. However, increased competition has impacted miner profitability. On a positive note, there has been a significant increase in total active addresses and a decline in LTC's annual inflation rate, highlighting growing adoption and scarcity. Currently, LTC is trading at $113.70.



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