Litecoin ($LTC) has been on a volatile yet steady downward trajectory, mirroring the broader crypto market’s retracement. Notably, $LTC has historically moved counter to the market, but today’s decline suggests a shift in sentiment. $LTC is witnessing a significant decline in the number of small-balance holders, indicating that weak hands may be capitulating as the market approaches a potential bottom. pic.twitter.com/D0MoLP0JYL — Bitcoinsensus (@Bitcoinsensus) August 27, 2024 A closer look at on-chain data reveals a significant drop in small-balance holders, indicating that weaker hands may be capitulating as the market approaches a potential bottom. Since its April 1st peak, Litecoin’s
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