LTC holders' loyalty prevails even as Litecoin price loses key support level

FXstreet
FXstreet

28 Jun 2023 9:17 PM

Litecoin price is amongst the biggest losers at the moment as the market seems to be correcting, with Bitcoin losing the support of $30,000. LTC, howe...

  • Litecoin price has declined by more than 10% in the last four days, failing to reclaim $100.
  • Despite the decline, LTC holders have held onto their coins and joined the mid-term holder cohort instead of selling to prevent losses.
  • Retail investors are leading the bullishness in Litecoin, conducting more transactions than whales since the recovery began.
  • The decline in Litecoin price has raised concerns about potential selling, but investors have chosen to hold on to their coins.

The sentiment in the article is mostly positive, highlighting the bullishness of LTC holders and the support from retail investors. However, there is also mention of concerns about potential selling and the decline in Litecoin price.

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You May Ask

How much has Litecoin price declined in the last four days?Who are the main drivers of the bullishness in Litecoin?What has been the trend in Litecoin transactions since the recovery began?What is the sentiment among LTC holders regarding their investment?Note: The input article does not provide information for a fifth question.

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