Litecoin Holders Stay Confident Despite Weak Momentum
Key Takeaways
- 77.7% of Litecoin (LTC) holders keep their coins long-term.
- LTC’s 60-day MVRV value is -12.7%, indicating low short-term profitability.
- The Litecoin price remains below key moving averages, showing weak recovery tendencies.
Long-Term Investors Dominate the Litecoin Market
Data from IntoTheBlock shows that 77.7% of all Litecoin holders have kept their coins for over a year. This surpasses other major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Shiba Inu (SHIB). This high percentage of long-term holders (LTH) indicates strong confidence in Litecoin’s long-term value development.
Low Activity Could Hinder Growth
Although many investors hold Litecoin for the long term, a significant portion of the supply remains untouched. Similar trends can be seen with Chainlink (LINK) at 77.5% and SHIB at 75.8% long-term holders. While this suggests confidence in the fundamentals, it also means low circulation activity. As a result, short-term demand may be lacking, potentially hindering price growth.
MVRV Analysis Shows Low Profitability
The Market Value to Realized Value (MVRV) indicator measures the ratio between a cryptocurrency’s market value and realized value. A negative MVRV value suggests that many investors are holding their coins below the purchase price.
At the time of analysis, Litecoin’s 60-day MVRV stood at -12.7%. This means that investors who bought LTC in the past two months, on average, are experiencing losses. A negative MVRV can indicate undervaluation but may also suggest market hesitation in investing in a weak price trend.
Price Performance Lags Behind Key Levels
Litecoin was last traded at USD 90.98, attempting to recover from recent losses. However, the price remains below the 50-day (USD 102.24) and 200-day (USD 110.95) moving averages.
The Relative Strength Index (RSI) stood at 43.46, indicating weak buying momentum with no signs of a short-term trend reversal. Without a clear breakout above the USD 102 mark, Litecoin may continue to move sideways.
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Our Assessment
The high number of long-term Litecoin holders reflects confidence in the cryptocurrency. However, short-term profitability remains low, and price performance offers little reason for optimism. Unless market sentiment improves or an external catalyst boosts demand, Litecoin may continue to trade sideways. The coming weeks will reveal whether a trend reversal is on the horizon.
| Symbol | LTC |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $91.13 |
| 24h % | -0.82 % |
| 7d % | -0.89 % |
| 30d % | -29.35 % |
| 60d % | -20.91 % |
| 1y % | 5.37 % |
| Market Cap | $6,901,363,812.00 |
| Max. Supply | 84,000,000.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X | Message Board |
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