The amount of Litecoin actually available to the market is much smaller than the total supply suggests.
Data shows that more supply is being held for longer periods of time.
44% hasn’t moved in over 1 year 16.5% hasn’t moved in over 5 years 11.8% (9M) hasn’t moved in over 7 yearsThis means the amount of $LTC actively circulating or realistically available to the market is meaningfully lower than the circulating supply figure alone would imply.
The data also shows that the active portion of Litecoin circulating is doing significant economic work.
Over the last 30 days, adjusted payment value totaled roughly 522M LTC, averaging about 17.4M LTC per day. That daily average is larger than the entire supply cohort that has moved within the past 3 months, indicating that the active portion is supporting substantial transaction activity relative to its size.
This doesn’t mean each LTC is unique across every transaction, but it does show that the available float is being used heavily.
This also isn’t a price forecast, but it’s an important market structure observation. As new issuance of this digital silver continues to decline, supply and demand analysis should account for both available float and the level of transaction activity that float is already supporting, not just total circulating supply.
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