As $LTC faces post-halving blues, can it echo Bitcoin's historical post-halving rallies?
A closer examination of the trading behavior surrounding the halving paints an interesting picture. The chart illustrating the average holding time of transacted coins provides insights into the market's sentiment.
A notable spike was observed during the price ascent, suggesting that long-term holders, perhaps sensing the impending peak, were actively selling off theirHowever, the subsequent downturn seemed to have a different set of players at its forefront. Unlike the previous trend dominated by long-term holders, the post-halving price dip was primarily steered by short-term holders. The current average holding time has dwindled to approximately a month.
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