Litecoin (LTC) has reached a historic milestone, U.Today reported, according to IntoTheBlock. The network now has over 5 million long-term holders, accounting for 62.5% of all LTC addresses. This achievement signals the widespread adoption and long-term viability of this cryptocurrency. Growth among long-term holders has been particularly significant in recent months. In just over a week at the end of February, this number surged by 170,000, showing a strong trend towards holding LTC. In addition, the number of âCrusiersâ holding LTC for 1-12 months reached 2.54 million addresses and continues to grow steadily. On-chain data shows that 67.67% of all LTC addresses are currently making profits. These addresses total 5.43 million and hold a total balance of 49.76 million LTC. On the contrary, 26.8% of LTC holders are in the red, and these addresses total 2.15 million, holding a total balance of 20.6 million LTC. Another 5.53% of holders are near the break-even point. Litecoinâs rise can be traced back to 2011, when it was founded by former Google engineer Charlie Lee. Lee created LTC as a "light" version of Bitcoin, aiming to improve some of Bitcoin's potential limitations, such as transaction speed and scalability. With its faster block generation time and different hashing algorithm (Scrypt), Litecoin quickly gained attention as a viable alternative to Bitcoin.
