Litecoin (LTC) saw a spike in value up to $294 before dropping back down to $210. Over 240,000 investors purchased LTC between $100 and $2100 in a short period of time. Despite some setbacks, long-term holders are still optimistic, with around 296 million LTC being transferred to mid-term holders. Often called the “silver to Bitcoin’s gold,” Litecoin has recently seen a substantial increase in price, going from $290 to briefly surpassing $100. Nevertheless, this achievement was fleeting, as the cryptocurrency promptly adjusted, lowering LTC’s value to $95. Investors are closely watching the market to see if Litecoin can make a comeback and maintain a value above $100. The recent changes in price have disappointed almost 351,000 Litecoin investors who have been hoping for LTC to reach $100 for almost ten months. These investors bought their Litecoin at prices ranging from $963 to $101, and the recent drop in value has negated their previous gains. Around 3.96 million LTC, valued at almost $400 million, is currently inaccessible because of the fluctuating price of Litecoin. Nevertheless, investors in Litecoin are showing strong faith and a readiness to be patient for lucrative chances during this period of growth. Long-term holders, commonly known as Hodlers, have held onto their assets for over a year and possess the largest portion of the LTC supply. This shows a strong belief in the future success of Litecoin. It is worth noting that there has been a significant shift in ownership from short-term traders to medium-term holders in the past three days. Cruisers typically keep their LTC for a period of one to twelve months, indicating a lower likelihood of selling right away.