Litecoin

<ul><li>Litecoin has registered a considerable growth in the number of long-term holders.</li><li>Approximately 5 million addresses have held LTC for over a year despite declining prices.</li><li>Litecoin has lost more than 40% of its value over the past two months.</li></ul>Litecoin, the fifteenth largest cryptocurrency, registered a considerable growth in the number of long-term holders of its LTC token. The token’s holders managed to display commendable confidence despite a significant drop in the price of LTC.On-chain analytics platform IntoTheBlock took to X recently to highlight the surge in Litecoin’s long-term holders:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/43ff277e3db243feb145076c8defb799.png" />According to on-chain data gathered by IntoTheBlock, more than 4.5 million crypto addresses held LTC for over a year. The metric nearly doubled from last year’s 2.5 million count, marking a clear sign of confidence from LTC holders, despite a 30% decline in the token’s price over the past six months.The conviction in LTC holders was surprising, given the rather discouraging performance of the token in recent weeks. As per <a href="https://coinmarketcap.com/currencies/litecoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>, the token has lost over 40% of its value since July 2023, which led to a $3 billion slide in its market capitalization. At the time of writing, LTC was trading at $67.5 with a daily trading volume of $573 million (up 151% over the past 24 hours).On August 2, Litecoin witnessed its third <a href="https://twitter.com/litecoin/status/1686755968489861120" rel="noopener noreferrer nofollow">halving event</a> which reduced its block reward from 12.5 LTC to 6.25 LTC. Following the halving, LTC’s price proceeded to drop nearly 14% in less than a week. The drastic price decline came despite online sentiment suggesting that the halving event wouldn’t have such an impact on the token.Read full article at <a href="https://cryptotale.org/litecoin-ltc-holders-refuse-to-sell-despite-falling-prices/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Litecoin (LTC) Holders Refuse To Sell Despite Falling Prices

CryptoTale

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