78% of Litecoin Addresses Hold LTC for Over a Year Amid Price Decline

According to AMBCrypto, 78% of Litecoin (LTC) addresses have held their assets for over a year, anticipating further price growth despite recent declines. Litecoin's price has dropped significantly, with a 11.09% decline in the past 24 hours and a 20.12% decrease over the past week, currently trading at $96. Long-term holders remain optimistic, expecting gains as they await the peak of the current cycle. However, the market sentiment is bearish, with most investors taking short positions, as indicated by Coinglass data. Large holders have reduced their capital inflow, and the netflow has declined for four consecutive days. The Relative Strength Index (RSI) has also dropped, nearing oversold territory. While long-term holders are optimistic, retail traders are not, leading to short-term negative sentiment. If this sentiment persists, LTC could drop further, but if optimism spreads, it may reclaim $100 levels.