62.5% of LTC Investors HODL, Litecoin Strong 💪🚀

Litecoin Long-Term Holders Reach a Record

Recent data from the market intelligence platform IntoTheBlock reveals that the Litecoin network has surpassed five million long-term holders, marking a new milestone for the cryptocurrency.

Understanding Long-Term Holders

Long-term holders (LTHs) are investors who have held their coins for over a year without making any transactions. These holders are known for their strong resolve and are less likely to sell their coins, even in volatile market conditions.

By holding onto their coins for extended periods, LTHs demonstrate a commitment to their investments.
LTHs are contrasted with short-term holders (STHs) who are more likely to sell during market fluctuations.

Behavior of Long-Term Holders

Historically, long-term holders exhibit minimal selling activity, regardless of market movements, indicating a strong belief in the cryptocurrency’s long-term potential. This behavior contrasts with short-term holders who are more reactive to short-term price fluctuations.

Growth of LTC Long-Term Addresses

Tracking the number of addresses that qualify as long-term holders provides insights into the behavior of this investor group. The chart shared by IntoTheBlock illustrates the growth in Litecoin long-term addresses over the past year.

Litecoin’s long-term addresses have seen a significant increase, surpassing five million addresses.
Approximately 62.5% of all LTC wallet addresses now belong to long-term holders, indicating a strong commitment to holding the cryptocurrency.

Implications for Price

While an increase in long-term addresses does not necessarily indicate new purchases, it suggests that investors who acquired Litecoin a year ago have now qualified as long-term holders. This delayed metric reflects the commitment of holders to retain their investments.