Litecoin (LTC) has seen a 7% increase in value over the past 24 hours, with investors anticipating the network's halving in two months and a surge in activity in May.

This follows a period of strong performance for Litecoin, which has seen a 7.5% increase over the past 30 days, outperforming both Bitcoin and Ether.

The network's activity has been steadily increasing throughout the year, with the total number of addresses holding a balance now reaching almost 8.5 million.

Analysts are predicting that the upcoming halving event in August will have a significant impact on both the network and the price of LTC.