The comparison between Litecoin (LTC) and Cardano (ADA) in terms of active addresses reveals interesting insights into their transaction activity. Despite Cardano boasting a market cap significantly higher than Litecoin, the number of active addresses shows a different story. As of the latest data from May 31st, Litecoin recorded a notable 357,260 active addresses, whereas Cardano lagged significantly with only 28,630 active addresses, highlighting a substantial variance in user participation.

Active addresses play a crucial role in illustrating the level of engagement in a blockchain network as they represent unique wallets involved in successful transactions. In the recent analysis, Litecoin displayed approximately 12 times more activity than Cardano, hinting at the possibility of higher cryptocurrency prices for LTC.

Presently, LTC is valued at $84.52, registering a modest 1.53% increase in the past 24 hours, while ADA is trading at $0.45, indicating relatively stagnant movement in its price.

Despite Litecoin's dominance in active addresses, the reason behind this lead over Cardano remains unclear, as there hasn't been a significant development that would explain the substantial difference. Market sentiments appear to favor LTC over ADA for the time being.

On the other hand, when considering development activity as a metric, Cardano has consistently exhibited robust development operations compared to Litecoin. Recent data from Santiment reveals a development score of 55.57 for Cardano, reflecting a strong commitment from developers to enhance the blockchain's functionality. In contrast, Litecoin's development activity hasn't experienced a similar level of growth.

Looking at the development activity and Market Value to Realized Value (MVRV) comparison between Litecoin and Cardano, it is evident that Cardano showcases more significant development effort, with Litecoin lagging behind in this aspect. The 30-day MVRV ratios further indicate contrasting trends in profit realization among ADA and LTC holders.

Both Litecoin and Cardano are currently deemed undervalued in the market. In an optimistic market scenario, potential price targets of $0.79 for ADA and $95.37 for LTC have been projected. It is essential to note that the information provided in this analysis serves for informational purposes only and should not be construed as any form of professional advice.