Litecoin (LTC), despite being one of the oldest cryptocurrencies on the market, has not received a large share of the overall rise over the past 1 year. So can the crypto asset catch up with its former popularity? Can the partnerships and collaborations that it has established or will establish take LTC back to the top ranks?
A Number of Partnerships
Litecoin, recently cryptocurrencyhe is often included in various projects that adopt. The fact that Verifone, in partnership with BitBay, recently announced that it will enable payments in crypto is also one of the latest examples of this. However, the fact that PayPal recently started providing crypto currency services to its customers in the UK can also be cited as one of these examples. The crypto assets that the financial technology giant has opened for processing are currently Bitcoin, Ethereum, Bitcoin Cash and Litecoinit is available to users in the UK, limited to .
Moreover, the global e-commerce giant MarketAmerica has also recently announced that it will allow crypto payments. Among the crypto assets that the e-commerce giant will accept payments for, there is also Litecoin Dec
Who Sells LTC?
The data says that the sales are largely carried out by long-term holders (who hold a crypto asset for a long time). Usually, long-term holders do not sell unless there is a negative event or a major price increase that could seriously affect the future of the crypto asset. However, it seems that the situation is different here. Most Litecoin holders are losing confidence in crypto as time goes on. Some metrics reveal that a large number of LTCs have been sold, which have been kept since quite ancient times. Another interesting point made here is the data that most of the LTC sales occurred at a loss.
Long-term holders are very important for every crypto asset to maintain price stability during a volatile market. If LTC holders continue to lose confidence and resume sales transactions, the price of Litecoin may be seriously affected by this. However, it should also be noted that LTC is one of the oldest cryptocurrencies on the market. New partnerships or positive developments that will be made in the coming times, Litecointhe current low price of may increase its performance by one possibility.
The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.