80% of Litecoin (LTC) Addresses in Profit as ETF Hype Shifts Sentiment

The ongoing hype surrounding approvals for a Litecoin exchange-traded fund (ETF) has triggered an unusual boost for LTC. IntoTheBlock data shows approximately 80% of addresses in the Litecoin network are profitable, demonstrating the bullish momentum. Analyzing IntoTheBlock data The data shows 6.53 million addresses; approximately 80% of tracked addresses are “in the money” or amassing profit. Addresses out of the money or recording losses total 1.26 million (15.42%). Meanwhile, Litecoin addresses the break-even point of 366,210, or 4.49%.