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

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

Litecoin: Leading Long-Term Investors and Looking to the Future

Litecoin (LTC) has established itself as one of the most notable cryptocurrencies and leads an important metric – the share of long-term investors. This attractiveness for investors is reflected in the fact that no other coin is held as long as Litecoin.

Long term holders of Litecoin

According to data from analytics firm IntoTheBlock, an impressive 77.7% of all Litecoins in circulation are in the hands of long-term investors. This number highlights Litecoin as the cryptocurrency with the highest proportion of long-term holders. For comparison: Chainlink (LINK) follows with 77.5% and Shiba Inu (SHIB) with 75.8%. Ethereum (ETH) and Bitcoin (BTC) are slightly lower at 74.2% and 73.3% respectively, while the share decreases significantly thereafter.

Distinguishing between long-term and short-term holders can provide insightful information about market behavior. In the case of Litecoin, the high ratio of long-term holders shows that there is a lot of confidence in the stability of this cryptocurrency.

Litecoin was launched in 2011, two years after Bitcoin, with the aim of creating a faster and more efficient alternative.

The future of Litecoin

In recent years, Litecoin has lost popularity and fallen in the rankings of the largest cryptocurrencies. Despite the high level of trust among long-term investors, the coin needs fresh capital to sustainably increase the price.

A potentially decisive development could lie with the US Securities and Exchange Commission (SEC). An application for the approval of a Litecoin ETF (Exchange-Traded Fund) is in the process. Approval of such an ETF could provide a significant boost to the LTC price.

Analysts estimate the likelihood of approval in 2025 to be very high after the SEC's decision was recently postponed. Bloomberg analysts even give a 90% chance of an LTC ETF being approved this year. The applications come from the companies Grayscale and Canary Capital, whose decision deadline is in October.

Litecoin price development

Litecoin's price is currently less than 10% below where it was on January 1, 2025, which can be considered comparatively low compared to other coins such as Ethereum, which has lost almost 40% of its value this year. However, there is no bullish picture for Litecoin in the short term.

Two weeks ago the price found support at around $87. LTC is currently facing resistance in the $97 to $100 range. A breakout above this level could pave the way towards $110. If this fails, declines to $80 or even $70 could be possible. At the time of publication, the Litecoin price is $94.

The developments surrounding Litecoin and the potential approval of an ETF are being closely monitored as they could have a significant impact on future price developments.