Litecoin Holders Aiming for Gains: Turning $1 Billion in LTC Supply Profitable

Litecoin Holders Aiming for Gains

Litecoin's price is noting recovery after a sharp decline in mid-April, with LTC holders playing their part in supporting the recovery by holding onto their supply. Investors are likely to avoid selling their holdings, anticipating an increase in price.

Litecoin Active Addresses by Profitability

Less than 5% of all 97,000 addresses are in profit, while nearly 12.78 million LTC worth more than $1.6 billion are close to becoming profitable. The potential turning profitable of this supply is essential for LTC's price rally.

LTC Price Prediction: This Is the Key to Recovery

Flipping key resistance levels into support could push LTC beyond $87 and towards $100. A breach of the $93 price level could initiate a strong rally, while failing to hold above $79 could invalidate the bullish thesis and send LTC to $71.