Litecoin (LTC) has seen a 3% recovery in price after a 10% drop on Monday due to market turbulence. On-chain data shows that Litecoin Miners' confidence has been crucial to the early price rebound. The increase in Litecoin Miners' reserves since the start of June indicates a positive change in sentiment among them, despite the recent industry-wide contraction.

The next Litecoin halving event is approaching, and if history repeats itself, new all-time highs could follow, leading miners to keep stacking up their reserves. The resurgence in transactional activity on the Litecoin network is another pivotal factor that could trigger price gains.