The difference between Melancholic and Melancholy
When used as nouns, melancholic means a person who is habitually melancholy, whereas melancholy means black bile, formerly thought to be one of the four "cardinal humours" of animal bodies.
When used as adjectives, melancholic means filled with or affected by melancholy—great sadness or depression, especially of a thoughtful or introspective nature, whereas melancholy means affected with great sadness or depression.
check bellow for the other definitions of Melancholic and Melancholy
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Melancholic as an adjective:
Filled with or affected by melancholy—great sadness or depression, especially of a thoughtful or introspective nature.
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Melancholic as a noun:
A person who is habitually melancholy.
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Melancholy as an adjective (literary):
Affected with great sadness or depression.
Examples:
"'Melancholy people don't talk much."
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Melancholy as a noun (historical):
Black bile, formerly thought to be one of the four "cardinal humours" of animal bodies.
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Melancholy as a noun:
Great sadness or depression, especially of a thoughtful or introspective nature.