Lightcoin (LTC) traded above $55 this afternoon, but failed to break resistance around $56-58 and retreated. On Tuesday evening, the LTC exchange rate fell to $54.9 and the altcoin returned to the red zone.
IntoTheBlock data shows that the share of loss-making Lightcoin addresses has increased to 74% amid the negative trend. Only 20% of cryptocurrency holders remain profitable. That is, these investors purchased coins at prices below $55.
4% of wallets are kept in neutral zone and so far remain break-even, as they bought cryptocurrency at today’s value.