Since its launch, Litecoin (LTC) has maintained a 100% uptime record, marking a significant milestone. A screenshot of the “Litecoin uptime tracker,” posted by the Litecoin foundation’s official X handle, shows that the network has been 100% operational since its launch on October 23, 2011. Charlie Lee launched Litecoin in 2011, and since then, it has operated continuously and without interruption. In Bitcoin Eyes, This suggests that the Litecoin network has been uninterruptedly processing transactions and safeguarding the blockchain for over 13 years.
Litecoin network advances
While Bitcoin Eyes, At a block height of 2,816,339 and difficulty of 59,401,111, the hash rate surpassed 2 PH/s on December 26, marking a significant milestone for the Litecoin network. The average number of daily active addresses for Litecoin increased from 366,000 in 2023 to 401,000 in 2024, according to Into The Block.
With 1.37 million active addresses in a single day in early January, Litecoin reached its annual peak in activity. On December 26, Litecoin achieved a significant milestone as its hash rate surpassed 2 PH/s at block height 2,816,339 and difficulty 59,401,111. This marked an important advancement for the network.
Additionally, Litecoin’s daily active addresses increased from an average of 366,000 in 2023 to 401,000 in 2024, with a peak of 1.37 million active addresses in early January. As of December 23, there were 8.25 million Litecoin addresses holding balances, with most being long-term holders. According to IntoTheBlock data, 54% of these holders are currently profiting, and 78% have held their LTC for over a year, reflecting typical accumulation during bear markets.
Bitcoin Pauses After Record High
Bitcoin changed hands at $94,673 as of press time as its momentum slowed after hitting a record high of $108,316 on Dec. 17. The biggest cryptocurrency is flirting with a drop for December, marking its first monthly loss since September.
Despite this, expectations remain in the final days of December for crypto prices. According to Santiment, although trading volume is low, if whales continue their strong accumulation trend, the lack of retail participation may lead to at least one final big unexpected 2024 pump while retail pays little attention.
Bitcoin Predictions for 2025
Galaxy thinks Bitcoin will hit $150,000 in H1 and $185,000 in Q4 2025. It thinks institutional, corporate, and national government acceptance could lift Bitcoin to new heights by 2025. Bitcoin has appreciated faster than any other asset class, including the S&P 500 and gold, and this trend is anticipated to continue in 2025.
Bitcoin may also reach 20% of gold’s market worth. Galaxy expects Bitcoin to lead global risk-adjusted returns in 2025. Bitcoin performed third in risk-adjusted terms this year compared to stocks, fixed-income assets, indices, and commodities.
Summary
Litecoin (LTC) has maintained 100% uptime since its launch in 2011, marking over 13 years of uninterrupted operation. On December 26, 2024, its hash rate surpassed 2 PH/s, and daily active addresses grew from 366,000 in 2023 to 401,000 in 2024. Bitcoin reached a record high of $108,316 on December 17, 2024, but has since slowed. Experts predict Bitcoin could hit $150,000 in 2025, driven by institutional adoption and possibly reaching 20% of gold’s market value. It is expected to continue outperforming other assets in 2025.
FAQs
What was a significant advancement for the Litecoin network in December 2024?
On December 26, Litecoin's hash rate surpassed 2 PH/s, marking an important milestone in its network's performance.
How has Litecoin's activity changed in 2024?
Litecoin's daily active addresses increased from 366,000 in 2023 to 401,000 in 2024, with a peak of 1.37 million active addresses in early January.
What is Bitcoin's recent price trend?
Bitcoin reached a record high of $108,316 in December 2024 but slowed, trading at $94,673, marking its first monthly loss since September.
What are Bitcoin's expected price predictions for 2025?
Experts predict Bitcoin could reach $150,000 in the first half of 2025 and $185,000 by the fourth quarter, with increased institutional adoption.
