Litecoin Price Watch: Why Only 15% of LTC Holders Are Making Profit

Litecoin Price Watch: Why Only 15% of LTC Holders Are Making Profit
Litecoin has made it to the list of the best altcoins to buy in 2022. But for the past 24 hours, the crypto has fallen prey to the volatility that is currently wrecking havoc in crypto space. As of this writing, Litecoin (LTC) is trading at $52.43, down nearly 1.1 percent in the last seven days, and losing 2.5 percent in the last 24 hours, data from Coingecko show, Monday. At a glance, it can be said that LTC is on the same boat with Ethereum, the world’s second biggest crypto by market cap. But when taking into consideration the percentage of its holders that are making profit, a great disparity can be seen. Related Reading: Dogecoin (DOGE) Is On Top Of Whales’ Menu – Here’s Why Litecoin Holders In Tough Spot, Profit-Wise TipRanks, an online data provider, revealed on September 25 that only 15% of the total holders of Litecoin are making profit and 12% are on status quo, leaving 74% dealing with tremendous losses. This was before the altcoin started to hit below the $53 mark. In comparison, Ethereum is doing better than its fell ..

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