Litecoin has been gaining popularity among investors, with a recent report showing that 78% of LTC holders are choosing not to sell their coins. This high percentage indicates a strong belief in the future potential of Litecoin.
One likely reason for this refusal to sell could be the overall positive sentiment surrounding Litecoin in the cryptocurrency community. With its fast transaction speeds and lower fees compared to Bitcoin, many investors see Litecoin as a valuable asset to hold onto for the long term.
Additionally, the recent surge in interest in cryptocurrencies as a whole has led to a greater demand for Litecoin, driving up its value. This could be another reason why so many LTC holders are choosing to hang onto their coins.
Overall, the high number of LTC holders refusing to sell indicates a strong confidence in the future of Litecoin and its potential for growth in the coming years.