• Mining supply dropped from 655k LTC to 645k LTC as the CMF hovered at 0.07
• Accumulation/Distribution line has climbed from 60M to 67.37M since March 2024

Litecoin (LTC) miners recently intensified their selling pressure across the board, with on-chain data showing significant supply movements. In fact, the cryptocurrency was trading at $119.06 at press time, down 4.96% in the last 24 hours. It had a trading volume of 156.29k, as miners continued to adjust their positions amid the market’s volatility.

Litecoin supply movement and miner behavior

On-chain data revealed a clear shift in Litecoin miners’ holdings, with supply levels dropping to approximately 645k LTC from previous peaks of 655k. This decline, while not drastic, seemed to represent a consistent selling pattern over the last two months. 

The steady nature of this sell-off, rather than sharp dumps, hinted at a calculated approach to liquidations rather than panic selling.

Notably, the supply chart revealed greater volatility in mid-January, indicating heightened miner activity during price fluctuations.

MVRV analysis points to market sentiment

Litecoin’s 30-day MVRV (Market Value to Realized Value) ratio tells us a compelling story of market sentiment shifts.

After hitting peak levels of 38.57% in early December 2024, the ratio saw a sharp decline to its press time levels of 16.12%.