# LTH-MVRV

LTH-MVRV serves as an indicator of fair value, as assessed by the behaviour of long-term investors.

## Indicator Overview

Long Term Holder MVRV (LTH-MVRV) is MVRV that takes into account only UTXOs as old as or older than 155 days and serves as an indicator to assess the behaviour of long-term investors.

## How is it measured?

LTH-MVRV is calculated by taking the MVRV value only for UTXOs as old as or older than 155 days.
$\textrm{LTH-MVRV}=\frac{\textrm{Market Cap}~{\color{gray}{\textrm{(of all UTXOs where age ≥ 155 days)}}}}{\textrm{Realized Cap}~{\color{gray}{\textrm{(of all UTXOs where age ≥ 155 days)}}}}$