Long-long time Litecoin (LTC) holders dey buy more and more for market cycles, wey show say dem get mind and price go fit stable
On-chain analysis wey come from IntoTheBlock show say people wey get Litecoin (LTC) for long time just dey gather am more and more. Over 20% of all the LTC wey dey market don sit down one place for over five years. Di data point out two main sets of people: those wey enter di market during di last bull run (like 3 to 5 years ago) and dem dey trade am small small as di market turn, and anoder set wey dey grow steady wey don hold LTC for over five years. Dis second set now get over 20.6% of all di coin wey never spend (UTXOs). Wetin make dem dey gather am like dis show say dem sabi say LTC get value as network wey no get central boss for payment and e be good choice instead of Bitcoin. As di number of 'diamond-handed' (meaning dem no wan sell) LTC investors dey grow, e show say di market don dey mature, e no easy to just sell am sharp sharp, and di price fit dey stable more. For pipu wey dey trade crypto, dis kind holding go fit make di market no too shake and e fit make di price go up well well later, especially as di number of long-term holders dey increase. Recent price wey LTC climb reach $83 and gain over 9% in one week, just show how pipu sabi am. If you dey watch dis kind pattern, e go help you know how di coin supply fit change and wetin di price fit do later.
Bullish
Litecoin wey long-term holders dey gather kanda, wit over 20% of di supply wey no move for over five years, show say investors get strong mind and di money wey dey market don reduce. Dis kain behavior usually make di pressure to sell for short-term low, and e fit make price stable or make am better, especially as new people wan buy am for market. As di number of strong holders dey rise and price don gain over 9% recently, LTC market look like say e go boost. Before before, dis kain style don happen for other cryptos before big big rally, so dis trend important for traders wey dey find sign of future profit.