2023-05-17 07:38:14

LTC holders could reach astronomical heights thanks to the upcoming halving! Previous trends suggest a potential 200% surge before the event, with LTC valued at over $250. Recent price action indicates the rally has begun, bouncing off support. On-chain metrics reveal rising daily active addresses and volumes, emphasizing growing interest. Long-term holders dominate as the average coin age increases, increasing the chances of higher local lows. However, short-term sell pressure remains possible. MVRV ratio confirms short-term profit-taking, aligning with price action. Since May 8, the ratio has trended upward, signifying profitability for recent LTC traders. A shift towards a long-term perspective favours bullish sentiments in Q2. Strap in LTC holders. Exciting times are ahead!

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