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Recently, reports from IntoTheBlock <a href="https://twitter.com/intotheblock/status/1778713110355788129?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">revealed</a> that the Litecoin (LTC) network has exceeded five million long-term holders. This achievement represents approximately 62.5% of all LTC addresses with a balance, underscoring Litecoin’s widespread adoption and long-term viability within the <a href="https://www.newsbtc.com/news/litecoin-soars-above-110-as-ltc-breaks-out-of-macro-downtrend-analysts/" target="_blank" rel="noopener ">crypto community</a>. 
<h2 id="rising-long-term-holder-trend-signals-optimism">Rising Long-Term Holder Trend Signals Optimism&nbsp;</h2> 
The surge in long-term holders has been particularly noticeable in recent months, underscoring a growing inclination towards holding LTC for quite a long time. In February’s closing days alone, the number of long-term holders soared by 170,000, signaling robust investor confidence in Litecoin’s <a href="https://www.newsbtc.com/news/litecoin-soars-past-105-is-ltc-set-for-epic-rally-this-april/" target="_blank" rel="noopener ">long-term prospects</a>. 
In tandem with this surge in long-term holders, the number of individuals holding LTC for more than a year has steadily risen, now totaling 2.54 million addresses. Apart from the <a href="https://www.newsbtc.com/all/from-90-to-400-litecoin-analysts-bullish-on-ltc-soaring-trajectory/" target="_blank" rel="noopener ">numerical growth</a>, the profitability of holding LTC over the long term adds another dimension of interest. 
<blockquote class="twitter-tweet"> 
 Amazing milestone for Litecoin! 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f48e.png" alt="💎" class="wp-smiley" style="height: 1em; max-height: 1em;">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" target="_blank" rel="noopener nofollow">$LTC</a>. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;">This figure represents 62.5% of all Litecoin addresses with a balance. <a href="https://t.co/K5FHz3Ivjs" target="_blank" rel="noopener nofollow">pic.twitter.com/K5FHz3Ivjs</a> 
 — IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1778713110355788129?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">April 12, 2024</a>
</blockquote> 
According to on-chain data, roughly 67.67% of all LTC addresses currently stand in profit, collectively holding 49.76 million LTC. In contrast, approximately 26.8% of LTC holders, totaling 2.15 million addresses, are currently at a loss. 
Meanwhile, a smaller segment, constituting 5.53% of holders, is situated at breakeven, which means they are neither in a loss nor a profit. 
<img loading="lazy" decoding="async" class="wp-image-602984 size-large" src="https://www.newsbtc.com/wp-content/uploads/2024/04/Screenshot-2024-04-12-at-16.05.29.png?w=860&amp;resize=860%2C250" alt="Addresses currently holding in Litecoin (LTC). " width="860" height="250" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/Screenshot-2024-04-12-at-16.05.29.png?w=2734 2734w, https://www.newsbtc.com/wp-content/uploads/2024/04/Screenshot-2024-04-12-at-16.05.29.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/Screenshot-2024-04-12-at-16.05.29.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/Screenshot-2024-04-12-at-16.05.29.png?w=860&amp;resize=860%2C250 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/Screenshot-2024-04-12-at-16.05.29.png?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/Screenshot-2024-04-12-at-16.05.29.png?w=2048 2048w, https://www.newsbtc.com/wp-content/uploads/2024/04/Screenshot-2024-04-12-at-16.05.29.png?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/Screenshot-2024-04-12-at-16.05.29.png?w=1140 1140w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1"> 
<h2 id="bullish-sentiment-surrounds-litecoin-amidst-rumors-of-etf-approval">Bullish Sentiment Surrounds Litecoin Amidst Rumors of ETF Approval</h2> 
So far,&nbsp;Litecoin has seen relatively stable movement, experiencing a minor increase of 0.3% over the past week, followed by a slight downturn of 0.1% in the last 24 hours. As of the current writing, LTC is trading at $96.72. 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/wAjMrbwA/" alt="Litecoin (LTC) price chart on TradingView" width="2770" height="1496"> 
Despite the altcoin’s current stability in price, analysts such as World of Charts <a href="https://x.com/WorldOfCharts1/status/1772543150118031667" target="_blank" rel="noopener nofollow">anticipate</a> a potential surge in the coming months, with projections suggesting a climb to $400. This bullish momentum is fuelled by growing institutional interest, particularly surrounding <a href="https://www.newsbtc.com/news/litecoin/litecoin-etf-rumors-fuel-10-surge/" target="_blank" rel="noopener ">rumors of a potential LTC Exchange-Traded Fund (ETF)</a>. 
Fox Business journalist Eleanor Terrett has hinted at institutional intrigue towards a Litecoin ETF, citing LTC’s functional similarities to Bitcoin as a potential factor in its approval by the US Securities and Exchange Commission (SEC). 
<blockquote class="twitter-tweet"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">SCOOP (with fixed ticker) <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f642.png" alt="🙂" class="wp-smiley" style="height: 1em; max-height: 1em;">: Hearing rumblings on the institutional level about possible interest in a Litecoin ETF. The logic is that because of <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">$LTC</a> functional similarities to <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">$BTC</a>, the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">@SECGov</a> may be more inclined to approve it, possibly even more so than <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">$ETH</a>. 
 Last week,… <a href="https://t.co/nsrhE87OLm" target="_blank" rel="noopener nofollow">https://t.co/nsrhE87OLm</a> 
 — Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1772698347515556030?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">March 26, 2024</a>
</blockquote> 
Additionally, Coinbase Derivatives’ recent launch of futures contracts for Litecoin further contributes to the buzz surrounding the <a href="https://www.newsbtc.com/analysis/ltc/litecoin-price-prediction-ltc-rally-120/" target="_blank" rel="noopener ">cryptocurrency</a>. 
Renowned crypto analyst Luke Martin echoes this sentiment, <a href="https://x.com/VentureCoinist/status/1770624938413580375" target="_blank" rel="noopener nofollow">suggesting</a> that the approval of an Ethereum ETF could pave the way for other “old altcoins” like Litecoin to gain regulatory approval. Martin emphasizes that LTC and Dogecoin may have a stronger case for not being classified as securities, particularly in comparison to Ethereum. 
Featured image from Unsplash, Chart from TradingView

Litecoin (LTC) Breaks Records: 5 Million Long-Term Holders Signal Major Market Shift

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