Jan. 14 at 9:39 PM
$LITS $LTC.X I can understand that people avoid buying Litecoin because of historical performance or because they don’t see the narrative of a scarce, decentralized, valuable, durable, private and fungible digital asset with Bitcoin-style security and Ethereum-style utility. What I can’t understand is, who would possibly be selling down here near these lows?
The average hold time of Litecoin is 2.6 years, second only to Bitcoin. A significant percentage of Litecoin has not moved in over a year!
On top of that, around 55% of all mined LTC is held for longer than a year!
Those hold times are much higher than other digital assets like Ethereum, Solana and Dogecoin, none of which have a fixed supply like Litecoin.
Anything with a long holding period suggests a strong belief in the asset's long-term value, which again makes me wonder, who on earth is selling here? Please make it make sense.
