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LTC Sees Record 199K Wallet Drop; Will Bull Rally Recover?

Published 12/07/2023, 04:43 PM
Updated 12/07/2023, 04:45 PM
LTC Sees Record 199K Wallet Drop; Will Bull Rally Recover?
BTC/USD
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LTC/USD
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  • 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.

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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