Litecoin (LTC) beats SHIB, BTC, ETH in long-term holders metric

A chart shared by on-chain data aggregator IntoTheBlock has revealed that the “digital silver” coin, LTC, which was created two years after Bitcoin

On-chain data aggregator IntoTheBlock has shared a chart highlighting the enduring popularity of Litecoin (LTC) among long-term investors.

Created in 2011, just two years after Bitcoin, LTC is still a preferred asset for those with a 90-day rolling average time window, the aggregator noted.

As the chart shows, Litecoin surpasses many other popular and modern cryptos in a key metric.

Litecoin beats SHIB, BTC, ETH

The chart focuses on the percentage of long-term holders for several cryptocurrencies. Litecoin stands at the top of the list with 77.7% of its supply being held by those with a 90-day rolling average time window or greater.

LINK is the closest to it, showing 77.5%, and it is followed by the second most popular meme coin, Shiba Inu, with 75.8%.

SHIB here surpasses Ethereum (74.2%) and Bitcoin itself (73.3%). The very last position on the list is held by TON. This coin, associated with the Telegram messaging app, shows just 3.9% long-term holders.

This chart shows the amount of long-term holders across various assets 📊Which one stands out to you? pic.twitter.com/hRXeTxdVm5— IntoTheBlock (@IntoTheBlock) March 13, 2024

Shiba Inu has recently spread the word about the total number of its holders surpassing 1.5 million.

Meanwhile, LTC is not only being actively held by long-term investors, but it has also caught the eye of financial institutions. Canary Capital and Grayscale have submitted filings to the SEC to launch spot Litecoin ETFs.

However, on March 11, the regulator delayed the decision on those ETFs, as well as on XRP, DOGE, SOL and ADA ETFs.

Yes, the SEC just punted on a bunch of alt coin ETF filings including Litecoin, Solana, XRP & DOGE. It's expected as this is standard procedure & Atkins hasn't even been confirmed yet. This doesn't change our (relatively high) odds of approval. Also note that the final deadlines…— Mohsin Asghar (@MohsinAsghar99) March 12, 2024

The decision is now expected by analysts in October.