Citing The Coin Republic, Litecoin's long-term holders are eyeing a potential price surge to $200, drawing parallels to the 2020 post-election rally. Analysts note that 78% of Litecoin addresses are held by long-term holders who typically accumulate during bear markets and sell near peak prices. Recent trends show a slight decrease in long-term holdings, suggesting optimism for future price increases. The 'Cruisers' and 'Traders' categories exhibit more volatility, reflecting short-term trading behaviors. Historical data from 2020 and recent 2024 patterns indicate potential for substantial gains post-election. The proposition for a Litecoin ETF, supported by Canary Funds' filing, aligns with Litecoin's narrative as 'Digital Silver.' Grayscale's continued accumulation of Litecoin further reinforces positive sentiment. These factors suggest that Litecoin's infrastructure and market positioning could mirror the 2020 rally, potentially breaching the $200 mark by early 2025.
Litecoin Holders Anticipate $200 Surge Amid Post-Election Rally Patterns
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