Opinion: Litecoin performs strongly with 75% of holders profiting

According to CryptoPotato, despite the turbulent performance of the crypto market in early April, Litecoin, an outlier among the top 100 assets, showed a bullish trend, in part due to its classification as a commodity by the Commodity Futures Trading Commission (CFTC). Litecoin was once one of the top 10 cryptocurrencies by market capitalization, but has suffered serious setbacks in recent years. Now, Litecoin, the so-called “silver cryptocurrency” ranked 19th, is showing signs of recovery. This move has boosted Litecoin’s performance, resulting in 75% of LTC holders currently sitting on profits, according to new findings from IntoTheBlock. The crypto analytics platform said that all eyes are on the key on-chain resistance around $150. Historically, this level was marked by the acquisition of 8.16 million LTC held by 590,000 addresses, a major resistance point considering these holders have been in the red since December 2021.