The price of Litecoin (LTC) spiked by almost 10% on the 2nd of April, leading the altcoin market rally. This surge was fueled by significantly higher transaction volume than usual in the past month. The increase in LTC's price was attributed to the rally in its transaction volume, which climbed by 124% in the past month. The price hike was also influenced by the re-emergence of dormant whale addresses who moved their coins to benefit from LTC's month-long price growth.
Additionally, LTC's Mean Dollar Invested Age metric has trended downwards since the 4th of March, indicating that investors have been holding their assets for a shorter period of time
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