Data from the blockchain analytics platform IntoTheBlock indicates a significant surge in long-term holders of Litecoin (LTC). According to the latest analysis, the number of addresses holding LTC for extended periods has surpassed the 5 million mark, comprising approximately 62.5% of all active Litecoin addresses with a current balance.

The data, visualized in a graph provided by IntoTheBlock, portrays a consistent upward trajectory in the number of Litecoin addresses holding LTC for extended durations. Furthermore, a deeper examination of IntoTheBlock’s data, as depicted in another graph, provides additional insights into the distribution of Litecoin across various holder cohorts based on their holding periods.

IntoTheBlock reveals a growing trend in Litecoin (LTC) ownership. The “Balance by Time Held,” shows a significant increase in the number of coins held by long-term investors,  also known as “hodlers.”

According to the graph, hodlers, defined as those who have held their LTC for more than a year, currently possess the largest share of the cryptocurrency at around 40 billion LTC. This represents a steady rise in hodler holdings over the past decade.

However, the data also paints a nuanced picture. The balance held by mid-term investors, or “cruisers” (those holding between 1 month and 1 year), shows more volatility. While their holdings have generally increased over time, they currently sit at around 13 billion LTC. This suggests cruisers may be more reactive to market conditions.

The most significant fluctuations are seen with short-term traders, those holding LTC for less than a month. Their holdings, currently at around 8 billion LTC, have dipped by 5.88% in the last 30 days. This could indicate some short-term jitters or profit-taking behavior.

A significant majority of LTC addresses, accounting for 67.67%, are currently “In the Money,” as their average purchase price of Litecoin is lower than the current market price of $97.85. In/Out of the Money evaluates the average purchase price of LTC tokens for various addresses on the Litecoin blockchain and compares it to the current market value.

The report further states that 26.80% of addresses are presently “Out of the Money,” which means that they had bought LTC at a higher average price than the current market value. Finally, 5.53% of addresses stand at the break-even point, known as “At the Money.” These figures indicate an overall optimistic sentiment among LTC investors, with a significant majority enjoying a profitable position.