78% of Litecoin (LTC) holders refuse to sell – Here's why

According to data from analytics platform IntoTheBlock, 78% of addresses holding Litecoin (LTC) have held the coin for more than a year. This shows that many LTC investors have accumulated assets during bearish market periods and tend not to sell near price peaks.

The patience of these holders can be explained by their belief in Litecoin's long-term potential, especially in the context of other major cryptocurrencies being active. Investors may be waiting for major upside opportunities in the future, especially as Litecoin joins the new meme trend and prepares for the possibility of hitting an ETF like Bitcoin or Ethereum.

Currently, Litecoin price is fluctuating around 101.55 USD, showing that Litecoin still has a strong foothold in many people's investment portfolios, despite the volatility of the cryptocurrency market.