#MarketDownturn Short-term holders increase Litecoin holdings by 31% in four weeks, indicating rising confidence and possible market shift.

Open Interest in Litecoin reaches six-month high, aligning with significant market volatility and active trading.

Litecoin has recently witnessed a significant increase in demand, with spot inflows reaching their highest level since November 2021. This influx of capital marks a pivotal moment, reminiscent of the peak of Litecoin’s price during the bullish cycle of that year, suggesting potential for a forthcoming rally.

In recent developments, Litecoin has been experiencing a consolidation phase with an upward trajectory since August, despite appearing to lag behind the broader cryptocurrency hype in the last two months.