According to IntoTheBlock, 78% of Litecoin (LTC) holders have kept their assets for over a year, showcasing investor confidence. Most LTC investors typically buy during bear phases and usually sell around market peaks.
Litecoin is currently valued at 101 USD after minor recovery from its low of 92.65 USD. This slight increase occurs amid a challenging crypto market, which has seen significant selling pressure over the past few days.
The U.S. Unemployment claims fell to 220,000, impacting market sentiment positively. However, the Fed’s hawkish tone on potential future interest rate cuts raises concerns among investors.