CandleFocus Litecoin: 78% of LTC Holders Refuse to Sell, Here's Likely Reason
2024-12-20
Author: Content Editor
According to on-chain analytics platform IntoTheBlock, 78% of Litecoin (LTC) addresses have held their LTC for over a year. This suggests that many holders are expecting further price growth. However, at the time of writing, LTC was down 13.14% in the last 24 hours to $94.43, amid a broader market sell-off. The decline in the cryptocurrency market is attributed to the prospect of looser U.S. monetary policy, with the Fed slashing interest rates and indicating fewer rate cuts in the future.
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