Litecoin (LTC) has seen a significant price jump of over 5% as the network celebrates a remarkable milestone in its Ordinals inscriptions. The protocol has now recorded an impressive 25 million Ordinals inscribed on its mainnet, with over 1 million added in just a few weeks.

This surge in Ordinals inscriptions, which are individual units on the Litecoin blockchain, showcases the network's robust capabilities in handling increased transactions without compromising speed or security. The presence of more Ordinals demonstrates Litecoin's potential influence on market dynamics and its ability to control a higher volume of assets and transactions.

The price increase comes at a time when Litecoin was recovering from a bearish trend, with a bullish divergence suggesting the end of the downtrend. The latest gains underscore a positive sentiment in the market, with LTC trading at $72.34 at a 24-hour gain of 5.2%.

Earlier in June, Litecoin had registered a significant increase in activity and user engagement, with a 75% rise in active addresses and 426,000 transactions. This surge in activity caused Litecoin to reach the highest level since January, surpassing Ethereum with over 100,000 active addresses.

While Litecoin has not yet successfully breached the resistance level of $80 in the last few weeks, there are still speculations mixed with optimism that the coin will push through to $100 in the long term. The latest milestone in Ordinals inscriptions and the resulting price surge have certainly added to the positive sentiment surrounding Litecoin's future prospects.