2024

Litecoin

Millions

April

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<a href="https://u.today/litecoin-ltc-gets-major-core-upgrade-heres-implication" rel="noopener noreferrer nofollow">Litecoin (LTC)</a> has reached a historic milestone, as reported by&nbsp;<a href="https://x.com/intotheblock/status/1778713110355788129" rel="noopener noreferrer nofollow">IntoTheBlock</a>. The network now boasts over five million long-term holders, comprising an impressive 62.5% of all LTC addresses with a balance. This achievement marks a significant moment for the cryptocurrency, demonstrating its widespread adoption and long-term viability.
The growth in long-term holders has been particularly notable in recent months. The number surged by 170,000 in just over a week at the end of February, signaling a strong trend toward holding LTC for extended periods. Additionally, the number of "Crusiers," who have held <a href="https://u.today/is-litecoin-ltc-becoming-crypto-pack-leader" rel="noopener noreferrer nofollow">LTC</a> for 1-12 12 months, stands at 2.54 million addresses and continues to grow steadily.
<blockquote>
 Amazing milestone for Litecoin!💎The network now counts over 5 million long-term holders of <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a>. 👉This figure represents 62.5% of all Litecoin addresses with a balance. <a href="https://t.co/K5FHz3Ivjs" rel="noopener noreferrer nofollow">pic.twitter.com/K5FHz3Ivjs</a>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1778713110355788129?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 12, 2024</a>
</blockquote>
Beyond these numbers, the profitability of holding LTC long-term is an intriguing aspect. On-chain data reveals that a substantial 67.67% of all LTC addresses are currently in profit. These addresses, totaling 5.43 million, hold a combined balance of 49.76 million LTC.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="0a1c1b00-8f48-4f8f-9fa6-478b3d47e973" src="https://u.today/sites/default/files/inline-images/itbltc.png">Source: <a href="https://app.intotheblock.com/coin/LTC/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
Conversely, 26.8% of LTC holders find themselves at a loss, comprising 2.15 million addresses with a combined balance of 20.6 million LTC. A smaller fraction, accounting for 5.53% of holders, are hovering around a breakeven point.
The rise of Litecoin traces back to its inception in 2011 by Charlie Lee, a former Google engineer. Lee created LTC as a "lite" version of&nbsp;<a href="https://u.today/rich-dad-poor-dad-author-i-will-never-buy-bitcoin-etfs" rel="noopener noreferrer nofollow">Bitcoin</a>, aiming to improve upon some of Bitcoin's perceived limitations, such as transaction speed and scalability. With its faster block generation time and a different hashing algorithm (Scrypt), Litecoin quickly gained traction as a viable alternative to Bitcoin.

Litecoin (LTC) Achieves Historic Milestone With Millions of Holders

U_Today

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