Litecoin (LTC) recently emerged as the leading cryptocurrency based on the percentage of its supply held by long-term holders, showcasing strong investor commitment according to IntoTheBlock data.
Litecoin's Position Among Other Cryptocurrencies
Approximately 77.7% of LTC holders have maintained their positions for over 155 days (the typical threshold defining long-term holders in this context). This places Litecoin slightly ahead of Chainlink (77.5%) and Shiba Inu (75.8%). This also highlights sustained confidence among its holder base relative to many other altcoins. Ethereum (74.2%) and Bitcoin (73.3%) also show high percentages of long-term holders. Tron (63.2%) and Avalanche (62.9%) show somewhat lower long-term holder figures. Toncoin, however, lags significantly in this specific metric, with only 3.9% of its investors reportedly holding for extended periods, suggesting a potentially more speculative nature.
Technical Analysis and Current Barriers
Currently, Litecoin faces resistance at $86.25, with key support near $83.00 amid price decline.
Potential Reversal Signals in the Litecoin Market
The Relative Strength Index (RSI) is near oversold levels, and the MACD signals weakening bearish momentum, indicating a potential reversal.
The data reveals that Litecoin holds a leading position in terms of long-term holders, underscoring its popularity and investor confidence in the cryptocurrency's future. However, technical barriers and potential reversal signals require attention from traders and analysts.
