In this paper, we use the type Ia supernovae data to constrain the holographic dark energy model proposed by Li. We also apply a cosmic age test to this analysis. We consider in this paper a spatially flat Friedmann-RobertsonWalker Universe with matter component and holographic dark energy component. The fit result shows that the case c < 1 (c = 0.21) is favored, which implies that the holographic dark energy behaves as a quintom-type dark energy. Furthermore, we also perform a joint analysis of SNe+CMB+LSS to this model; the result is well improved, and still upholds the quintom dark energy conclusion. The best fit results in our analysis are c = 0.81, Ω 0 m = 0.28, and h = 0.65, which lead to the present equation of state of dark energy w 0 = −1.03 and the deceleration/acceleration transition redshift z T = 0.63. Finally, an expected SNAP simulation using ΛCDM as a fiducial model is performed on this model, and the result shows that the holographic dark energy model takes on c < 1 (c = 0.92) even though the dark energy is indeed a cosmological constant.