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LTC has recently seen a noticeable increase in whale activity, according to the data on the series. According to InTothheblock DataLitecoin has witnessed an increase in large transactions sizes during the past 24 hours, after days of recession. The volume of large Litecoin transactions increased from 73.14 million LTC to 83.17 million LTC, indicating that the whales are making movements.
This jump is often seen in the size of large stock owners as an increase in the activity of institutional and whales who either buy or sell. The recent increase may indicate that this group of currency holders may put itself in a long -term bullish position of Litecoin.
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There is increasing speculation about the potential approval of the Litecoin Fund traded on the Stock Exchange (ETF) in the United States. This speculation has increased oil on the fire, as the approval of the European Training Corporation (ETF) can significantly enhance the presence of Litecoin in the market and access to it.
Is the big move coming?
While the exact reasons behind the height of whale activity are still the subject of guessing, the network standards indicate positive expectations for LTC.
Litecoin’s retaliation rate has recently reached its highest level, indicating an increase in the participation of mining and security personnel. In a recent tweet, the official X handle was used for Litecin Foundation It revealed that the Litecoin segmentation rate has reached the highest new level ever at 2.24 P/S at the mass 2,833,807.
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At the time of writing this report, the Litecoin currency decreased by 3.84 % over the past 24 hours to reach 122.18 dollars amid mixed trading rates in the broader encrypted currency market, which witnessed a small number of cryptocurrencies, recorded slight losses with bitcoin cohesion over $ 104,000 .
The price of Litecoin has been widely united in a scale since it reached its highest level at $ 147 in early December 2024. In the coming days, attention is turned to the LTC price to see if the current domain trading may lead to a large movement.
Litecoin has recently increased above the simple 50 -moving average daily at $ 111, and the constant stability above this main level may provide Litecoin the aggravation of the need. Meanwhile, the short -term height may face resistance near $ 150, while speculators are looking for a rise to confirming support at the simple 50 -day moving average.
