The landscape of Litecoin has witnessed a notable shift since early February, with the trader demographic (those holding for less than a month) expanding their presence from 7.84 million LTC to an impressive 11.13 million LTC.
However, long-term LTC holding decreased during that period. LTC price recently jumped 40% in one day. Analyzing the metrics is important to know if this uptrend can continue.
Litecoin Traders Are on the Rise
Analyzing how long users are holding LTC reveals a surge in short-term traders. These are users who hold LTC for less than a month. The number of coins they hold jumped from 7.84 million LTC to a whopping 11.13 million LTC. That’s a significant increase of 41.96% in just one month.
However, this rise in short-term holders comes at a cost. The number of long-term holders, also known as Hodlers (those holding for more than a month), is going down. Their LTC stash went from 45 million all the way down to 42.5 million.
Go to Source to See Full Article
Author: Tiago Amaral
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
