Litecoin Holders With Coins Over 5 Years Control Over 20% Supply
On-chain data indicates a growing HODLing conviction among Litecoin (LTC) holders. Long-term holders (LTHs), defined as those holding LTC for over a year without selling, show significant trends.
LTC Supply Dormancy
- The focus is on two LTH subdivisions: holders with coins dormant for 3-5 years and those for over 5 years.
- These groups demonstrate strong market resolve; the 5+ years group particularly represents steadfast investors.
- A chart from IntoTheBlock reveals that the supply held by these LTH cohorts has shown an upward trend.
- The red boxes in the chart indicate periods of increased supply for the 3-5 years group, correlating with previous bull runs.
- This increase reflects prior buying activity rather than current accumulation.
- While some in the 3-5 years group occasionally sell, the 5+ years group has mostly retained their holdings, now controlling over 20% of Litecoin's UTXOs.
LTC Price Update
Litecoin's price has risen by over 9% in the past week, reaching $83.
