Despite a consistent drop in Litecoin’s (LTC) price, the number of addresses holding the world’s fifteenth-largest cryptocurrency for over 12 months has nearly doubled in the past year.

According to the crypto analytic platform IntoTheBlock, the number of long-term LTC holders has just hit five million this week, indicating “growing confidence” in the asset.

  • Five million addresses maintaining LTC holdings for over a year marked a significant 96 increase from the 2.55 million addresses that held the altcoin for a year by August 2022.