Litecoin: A look at the state of LTC hodling as its halving draws near

AMBCrypto
AMBCrypto

29 Jun 2023 10:30 PM

Litecoin’s mean coin age just reached a new 3-month high. This confirms that a percentage of recently acquired LTC coins have not been moved during the same period....

  • Litecoin's upcoming halving is less than 5 weeks away, but there is not much excitement surrounding it.
  • On-chain data shows that a significant proportion of LTC holders are hodling their coins, as evidenced by the mean coin age reaching a new 3-month high.
  • The recent sell pressure in LTC does not align with the increase in mean coin age, suggesting profit-taking by whales.
  • Whales holding over 100,000 LTC have been trimming their budget since June 23, impacting price action.
  • Some whale categories have been accumulating LTC as the price dipped lower.
  • The development activity and weighted sentiment metrics for Litecoin indicate relative inactivity and low excitement among investors.
  • The closer the Litecoin halving gets, the more likely investor sentiments may shift, potentially impacting the outcome.

The sentiment surrounding Litecoin in the article is mostly neutral, with a mention of low excitement among investors.

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You May Ask

When is Litecoin's upcoming halving?What does on-chain data reveal about LTC holders?How has sell pressure affected LTC's price?What impact have whales had on LTC's supply distribution?What do the development activity and weighted sentiment metrics indicate about investor sentiment towards Litecoin?

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