Litecoin: number one among long-term investors-trust in the cryptocurrency

<p> <strong> Litecoin: number one among long-term investors-trust in the cryptocurrency </strong> </p>
litecoin: Leading for long-term investors and looking into the future
litecoin (LTC) has established itself as one of the most remarkable cryptocurrencies and has an important key figure-the proportion of long-term investors. This attractiveness for investors can be seen in the fact that no other coin is kept as long as Litecoin.
long -term holder of litecoin
According to data from the analysis company Intothlock, there are impressive 77.7 % of all litecoins in circulation in the hands of long-term investors. This number emphasizes Litecoin as the cryptocurrency with the highest proportion of long -term owners. For comparison: Chainlink (link) follows 77.5 % and Shiba Inu (Shib) with 75.8 %. Ethereum (ETH) and Bitcoin (BTC) are slightly below with 74.2 % or 73.3 %, while the proportion then decreases significantly.
The distinction between long -term and short -term owners can provide insightful information about market behavior. In the case of Litecoin, the high ratio of long-term owners shows that there is great trust in the consistency of this cryptocurrency.
litecoin was introduced in 2011, two years after Bitcoin, with the aim of creating a faster and more efficient alternative.
The future of Litecoin
Litecoin has lost popularity in recent years and has fallen back in the ranking of the greatest cryptocurrencies. Despite the high trust among long -term investors, the coin needs fresh capital to increase the price sustainably.
A potentially decisive development could be due to the American stock exchange supervisory authority SEC. There is an application for approval of a Litecoin ETF (Exchange-Traded Fund) in the process. Approval of such an ETF could give the LTC course considerable buoyancy.
Analysts appreciate the probability of approval in 2025 as very high after the decision of the SEC has recently been postponed. Bloomberg analysts even give the chance of approval of an LTC ETF this year a probability of 90 %. The applications come from Grayscale and Canary Capital, the decision period of which is in October.
litecoin course development
The price of Litecoin is currently less than 10 % below the 1st January 2025, which can be considered comparatively low compared to other coins, such as Ethereum, which has lost almost 40 % this year. In the short term, however, there is no Bullish picture for Litecoin.
Two weeks ago, the course found support at around $ 87. LTC is currently facing a resistance in the range of $ 97 to $ 100. An outbreak through this brand could pave the way towards $ 110. If this does not succeed, declines at $ 80 or even $ 70 could be possible. At the time of publication, the Litecoin course is $ 94.
The developments related to Litecoin and the potential approvals of an ETF are observed closely because they could significantly influence the future price development.