Litecoin Price To $120 Now Lies in the Hands of 8,700,000 Users

Litecoin Retail Holder Count

Recent data shared on X indicates an exponential growth in the number of retail users holding Litecoin.

Notably, a total of 8.7 million users are actively engaging with Litecoin for everyday purposes, including payments, transfers, and holding, distinguishing them from passive investors.

The Litecoin network has clarified that these 8.7 million represent active users, not just wallet addresses.

This distinction is crucial because wallet or address counts in the cryptocurrency space can be misleading.

For example, a single individual can control numerous addresses, and exchanges may aggregate millions of user accounts under single wallets. Additionally, bots can artificially inflate address counts.

Therefore, the 8.7 million figure is a refined estimate of unique human users, highlighting real-world adoption rather than mere speculative interest.

This increased activity on the Litecoin network signifies growing investor confidence. Litecoin is recognized as one of the most utilized cryptocurrencies for real-world transactions on various payment processors, offering near-instant confirmations.

Listings on major exchanges like Binance, alongside mobile wallet integrations and services like MoneyGram, enhance LTC's accessibility for users.

LTC Retail Investors vs. Digital Asset Treasury Firms

The Litecoin team has also emphasized the prevalence of retail investors when compared to institutions or large holders (whales).

Retail investors are defined as everyday individuals using personal wallets or exchange accounts, in contrast to large financial institutions.

Everyday investors currently hold the majority of Litecoin's circulating supply, reinforcing its reputation as a decentralized and accessible "blue collar working coin."

According to official statements on X, retail users possess over 50% of all Litecoin in circulation. The total supply of Litecoin is capped at 84 million LTC.

This balance between institutional and retail ownership helps mitigate risks of market manipulation. While institutions contribute liquidity and legitimacy, retail investors maintain Litecoin's utility for everyday transactions.

The growth of LTC's retail investor base is closely correlated with the network's lower fees and fast transaction processing times.

Since its launch in 2011, Litecoin's transactions per second (TPS) have surpassed Bitcoin's by nearly double, positioning it as a more scalable alternative.

Why Litecoin (LTC) Price is Poised for More Growth

The Litecoin (LTC) cryptocurrency is exhibiting signs of growth in its price trajectory. In the past 24 hours, the LTC price has surged by 1.9%, reaching $95.48.

Litecoin recently achieved a strong rebound from its 7-year trendline support, a level that serves as a foundation for long-term reversals across multiple market cycles.

Analysts project the next short-term target at $120, provided the current bullish momentum is maintained. More ambitious predictions suggest LTC could reach $240.

Crucially, the Litecoin ecosystem is well-developed, making it a preferred choice for many users. It can be mined with appropriate software or purchased on exchanges.

This accessibility ensures fair market participation for everyone.

Additionally, Litecoin features a halving event for mining rewards approximately every four years, operating similarly to Bitcoin. This mechanism is designed to increase value over time.

This characteristic makes it an effective hedge against inflation and a means to preserve wealth for LTC investors and traders.

Another significant point is the blockchain's consistent 100% uptime since its launch on October 13, 2011.

This represents over 14 years of protection against attacks and network outages, establishing LTC as one of the most secure cryptocurrencies available.