78% of Litecoin addresses have been held for more than a year! Buying at the bottom of a bear market and harvesting at a bull market - are they really foreseeing the future? Or is there something else behind this?
2024 VS. 2020: Will history bet on Litecoin again?
In the fourth quarter of 2024, the price trend of LTC/USD is replicating the market pattern after the 2020 election: from volatility to surge, and then to a peak of $160 in early 2021. This time, if the market cycle repeats again, the price of Litecoin is likely to reach $200 or even higher in early 2025!
Long-term players show their swords, short-term traders stir up trouble
Long-term holders (LTH) control 78% of Litecoin addresses. Data shows that these people are good at buying low and selling high, but the slight decrease in the latest holdings is much lower than in previous cycles. In other words, they are fully confident in higher prices and are even re-positioning for the $200 target!
In contrast, short-term "rangers" and "traders" are more active, and they fluctuate with price fluctuations. Facing the upcoming election node, market sentiment is gradually heating up. Can the bulls defeat the air force and gain the upper hand?
The $200 Gate: Will Litecoin ETF Become the Ultimate Catalyst?
Grayscale continues to buy at the bottom, and Canary Fund is making a strong statement - the call for LTC ETF is getting louder and louder!
Grayscale recently increased its holdings of Litecoin by 2,230, and its total holdings exceeded 2.02 million. This "tiger-like operation" of increasing holdings against the trend during the decline made the market smell their strong bullish signal on Litecoin.
The spot Litecoin ETF application submitted by the Canary Fund has made people have greater expectations for the future of Litecoin. Litecoin, with its title of "digital silver" and perfect distribution without VC intervention, avoids many market manipulation risks - isn't this the ideal condition for ETF issuance?
Final bet: Is $200 just around the corner?
Judging from the trend in 2024, Litecoin's cyclical performance is exactly the same as in 2020. The general optimism in the market after the election is bringing a potential upward trend in the new year. If history once again proves itself to be a "compass of the future", it is only a matter of time before Litecoin hits $200.
Long-term Litecoin players will once again prove that patience is the ultimate weapon for investors! Don’t be blinded by short-term fluctuations. Brother Tang will teach you how to lock your target, take every step carefully, and witness the explosion of wealth with a smile! Follow Brother Tang and he will lead you from confusion to freedom!
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