Litecoin’s [LTC] on-chain activity was witnessing a late-year bump. According to on-chain analytics firm IntoTheBlock, the active address count has exceeded that of Ethereum [ETH] since the beginning of December, signaling significant demand for the “digital silver.” Along with the surge in active users, there was a considerable spike in LTC transfer volumes as well. The NVT ratio, which is negatively correlated to transaction volumes, fell in the same period. This implied that network utilization outpaced market cap growth, historically interpreted as a bullish signal.