- Litecoin faces a significant decrease in wallet holders, marking a crucial moment for the digital currency.
- Despite challenges, Litecoin shows signs of potential revival with commercial acceptance and network growth.
- Technical analysis reveals bullish momentum with a 1.13% price increase, suggesting ongoing investor interest
Litecoin (LTC) has experienced a substantial decrease in its wallet holders. Recent data reveals that about 199,000 Litecoin wallets that were active ten days ago now stand empty. This marks the most significant reduction in wallet holders for Litecoin since October 2022, highlighting a pivotal moment for this digital currency.
Approximately 199K wallets that held $LTC 10 days ago, no longer hold any coins. This is the biggest drop in wallets since October 2022. $LTC's market value vs. $BTC has dropped -55% in 5 months, but #FUD & small wallets dropping could turn this around. https://t.co/tIAj6ULd95 pic.twitter.com/SuhqULLfFm— Santiment (@santimentfeed) December 7, 2023
Market Value Fluctuations Challenge Litecoin
Alongside this decrease in wallet holders, Litecoin’s market value relative to Bitcoin (BTC) has declined steeply. O…
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