Litecoin Leads in Long-Term Holders Despite 2.56% Price Drop

Litecoin (LTC) has recently emerged as the leading cryptocurrency in terms of the percentage of its supply held by long-term holders, demonstrating a strong commitment from its investors. According to data from IntoTheBlock, approximately 77.7% of LTC holders have maintained their positions for over 155 days, which is the typical threshold for defining long-term holders. This places Litecoin slightly ahead of other cryptocurrencies such as Chainlink (77.5%) and Shiba Inu (75.8%) on this metric, highlighting sustained confidence among its holder base relative to many other altcoins. Ethereum (74.2%) and Bitcoin (73.3%) also show high percentages of long-term holders, but Litecoin's figure is notably higher.

Tron (63.2%) and Avalanche (62.9%) show somewhat lower long-term holder figures, while Toncoin lags significantly with only 3.9% of its investors reportedly holding for extended periods. This suggests a potentially more speculative, short-term trading environment for TON compared to Litecoin’s apparent investor loyalty.

Despite this strong showing in long-term holder conviction, Litecoin’s price has faced downward pressure recently as the broader crypto market moved lower. LTC recorded a decline of 2.56% over the past 24 hours and currently trades at $82, after failing to sustain its position above key near-term resistance levels. The price initially attempted to hold support around the $86.25 level but encountered significant selling pressure there. Selling pressure consequently pushed it to a low near $83 before it stabilized somewhat. Despite a brief recovery attempt since that low, resistance near $85.50 prevented the cryptocurrency from making a stronger sustained upward move.

Litecoin currently faces crucial immediate resistance near $85.50. Above that lies the recent high around $86.25. Overcoming these overhead barriers is necessary for any sustained bullish recovery attempt. On the downside, the $83.00 level now serves as an important immediate support area, where some buying activity was previously observed. If this level breaks under continued selling pressure, LTC could see further declines toward the next technical support zone identified between $82.00 and $82.50. A decisive move below this area might trigger increased selling pressure in the short term.

Several technical indicators currently highlight Litecoin’s weakening short-term price momentum. The Relative Strength Index (RSI) on the daily chart stands near 33.56. This reading approaches technically oversold territory (typically considered below 30). Although an RSI below 30 sometimes signals a potential price reversal might be near, LTC is not yet firmly within that zone. The Moving Average Convergence Divergence (MACD) indicator also reflects generally bearish conditions at present. The MACD line sits just below its signal line. However, the histogram shows a slight positive value (0.13), which could indicate that the recent downward momentum may be slowing. If the MACD line decisively crosses above the signal line, confirming this hint, a short-term bullish reversal could occur.

In summary, Litecoin investors are currently demonstrating stronger long-term holding conviction compared to Bitcoin investors. This is evidenced by the higher percentage of LTC holders maintaining their positions for over 155 days. Despite recent price declines and technical indicators suggesting bearish momentum, the strong commitment from Litecoin holders indicates a resilient investor base. The upcoming price movements will be crucial in determining whether Litecoin can overcome its immediate resistance levels and sustain a bullish recovery.