IntoTheBlock data categorizes Litecoin holders by coin age, revealing notable rends.
Long-term holders (3+ years) dominate, highlighting confidence in LTC’s potential.
Price surges correlate with increased short-term trading activity.
A recent chart from IntoTheBlock sheds light on Litecoin (LTC) holders’ behavior, categorizing their holdings by age. The data reveals a growing trend of long-term holding while short-term trading spikes during market rallies.
Breakdown of Litecoin Holders
IntoTheBlock’s Unspent Transaction Outputs (UTXOs) chart divides Litecoin holders into groups based on how long they have held their coins. Short-term holders who have owned their Litecoin for less than six months represent the most active traders.
Meanwhile, mid-term holders, with holdings spanning six months to three years, fall in between, while long-term holders, who keep their Litecoin for over three years, dominate the chart. This detailed analysis, covering data from over the past decade, provides insights into Litecoin market trends, which reflect both trading activity and investor sentiment.
The Rise of Long-Term Holders
The largest portion of Litecoin…
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