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đšWill Litecoin miners sell more?đš $LTC could also face new downside pressure if miners continue to sell. The miner capitulation scenario has hindered Bitcoin bulls too, with the struggle catalysed by the reduced revenue and broader market weakness that had BTC shrinking since hitting its all-time highs in March. Data from IntoTheBlock also shows a notable decline in LTC miner holdings. Per the analytics platformâs miner balances metric, top Litecoin mining pools and entities have recently witnessed their total holdings fall from around 2.28 million LTC on March 28, 2024, to about 1.46 million as of August 26, 2024. This implies a miner sell-off of over 820,000 LTC, worth more than $52 million at current prices. $LTC đ„At what price did you buy LTC??
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74% of Litecoin holders in loss. According to data from IntoTheBlock, about 74% of addresses holding Litecoin (LTC) are at a loss at the current prices. The market analytics and intelligence platform shows that over 6.11 million addresses with LTC acquired the cryptocurrency at average prices higher than $63.52 at the time of writing. It leaves 1.5 million addresses, accounting for about 18% of holders in profit. Meanwhile, just over 614K addresses, or 7.4% of the holders are at breakeven prices. I personally have huge loss on LTC as I had bought it in 2021 when the price was around $200. But till there are people who got to buy LTC on $35-40 and made huge profits. But I have been recovering my losses through future trading. $BTC $LTC #litecoin đ„ARE you bullish or bearish on $LTC ?đ„
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Recent survey shows that the majority of the crypto community prefers social media platforms over news websites to stay informed. Specifically, 73.8% of respondents rely on X, YouTube, or Telegram as their main news sources, while only 6.5% turn to news websites. $BTC $BNB $SOL . What's your favorite site? mine is X.
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đ„đ„$1M to $70M marketcap in less than 30 days đ„đ„ Guess this coin?? $BTC $DOGS
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$BTC is the most high volatility crypto ATM. đ trade at your own risk/DYOR đ
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