Blockchain analytics firm IntoTheBlock has found that 13% of Litecoin's total supply has remained inactive for five years. This could be due to either unwavering confidence in the project or the loss of assets.

The upcoming third halving event has led to increased on-chain activity as investors hold onto their LTC in anticipation of positive price action.

The halving will reduce block rewards paid to miners by half, creating scarcity and encouraging a stable growth trajectory for the crypto asset. LTC's market value has recently surged to a 14-month high, hitting $110.