Litecoin (LTC) Skyrockets in This Long-Term Metric: Details

On-chain analytics firm IntoTheBlock highlighted positivity for Litecoin in a recent tweet, noting that long-term LTC holders are surging.

IntoTheBlock collects addresses based on how long they have owned a given asset. These addresses are divided as follows: hodlers are addresses that have held the asset for over a year. Cruisers are addresses with holding durations ranging from one to twelve months. Traders are people who have owned the asset for less than a month.

Per the data presented, nearly five million addresses have held LTC for over a year or are hodlers, almost doubling the count from last year’s 2.55 million. IntoTheBlock stated that this might indicate a clear sign of confidence from holders despite market conditions.

Long-term Litecoin holders have demonstrated an increase, accounting for 55% of total LTC holders despite a recent billion-dollar shakeout, indicating that traders’ longer-term bullish perspective remains intact despite the current market slowdown.

In the absence of favorable catalysts, a viable crypto ecosystem and a general lack of interest in tokens among retail investors, the crypto market is experiencing one of its longest low-volatility periods in recent years.

Litecoin has recently achieved incredible milestones, including 50% growth in usage on crypto payment processor BitPay from spring to summer.

The Litecoin network recently crossed 175 million transactions, as previously reported. There is a tendency for growth, as last year, 2022, only saw a total of 39 million in the entire year. More than 46 million transactions have occurred this year alone.

At the time of writing, LTC had fallen 0.70% in the last 24 hours to $64.79. With a market cap of $4.76 billion, Litecoin is the 15th largest cryptocurrency.


🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 1st Jan: an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💾Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! đŸ”„ will not disclose your account information to any 3rd parties.
Get our best healthy recipes and nutrition tips straight to your inbox!
Get Healthy Now! Extra Health Updates
Sign Up
Your privacy is important to us
Join waiting list generated $4.79M in 7-month beta with a 100% success ratio!.
Join waiting list generated $4.79M in 7-month beta with a 100% success ratio!.