The balance of Litecoin (LTC) held by short-term holders over time showed that peaks corresponded with increases in the amount of LTC these holders possess. Sharp rises often preceded or aligned with notable price spikes.
As at press time, the balance of LTC held by short-term holders increased by 31% last month. These surges in holdings typically signaled increased market activity. Historically, such spikes have occurred around price bottoms. It suggests that short-term holders accumulate LTC when they anticipate a potential increase in its value.
The balance held by short-term $LTC holders is moving up, increasing by 31% in the last month.
These spikes happen relatively frequently, usually occurring around bottoms or before major spikes in price. pic.twitter.com/yNeNDkpb9U
— IntoTheBlock (@intotheblock) November 12, 2024
The recent increase in balances could suggest that Litecoin was approaching a bottom or was set for an upward price movement soon. If this trend
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