Litecoin, often referred to as the "silver" to Bitcoin's "gold," is experiencing a remarkable upswing in its daily active addresses. Recent on-chain data reveals a staggering 75% increase in active addresses, surpassing Ethereum's numbers. This significant development could propel the LTC price to $100 by the end of June.

The surge in Litecoin activity is evident in the data provided by IntoTheBlock. The number of active addresses reached its highest point since January, with over 100,000 more active addresses than Ethereum. Additionally, Litecoin transactions saw a substantial increase, reaching 426,000 in a single day. While smaller transactions dominated the surge, there was a notable rise in transactions of all sizes.

This upswing highlights the growing interest in Litecoin within the cryptocurrency market. The Litecoin network has now exceeded 250 million transactions, with over 40 million transactions processed in 2024 alone. The increased adoption and usability of Litecoin can be attributed to its integration into numerous payment processors and merchant services globally.

As of now, the Litecoin price is facing some selling pressure, trading at $84.17. However, the next price action depends largely on miner accumulation, which has been strong over the last month. If miners continue their accumulation, Litecoin's price could breach the crucial short-term resistance level near $92, paving the way for a swift rally towards the $100 milestone.

In conclusion, Litecoin's unprecedented surge in active addresses and transactions signals a significant recovery in its price. With sustained bullish support, Litecoin could reach the $100 mark by the end of June, making it an exciting time for LTC holders and the cryptocurrency market as a whole.