Litecoin (LTC) recorded an increase in the activity on the series during the past 24 hours. It is worth noting, INTOTHEBLOCK The data indicates that large transactions that include more than $ 100,000 in LTC have risen as whales are involved in commercial activities in the encryption market.
Whale activity rises with the outbreak of Litecoin
According to InTotheblock data, Litecoin Whale’s transactions increased by more than 4 % in 24 hours. A total of 107 million LTC transactions have been transferred between market participants. It is worth noting that the cumulative value of these transactions is linked to $ 9.99 billion.
Related
This development highlights the new interest of whale investors in Litecoin despite the reason for the activity of the whale is unknown. However, many consider increasing trading on the side of whales as a bullish currency signal.
Perhaps the whales, in addition to its wallet, or selling some of its properties, or simply trading the sharp swing displaced by the currency.
As of the time of the press, the price of LTC was Trading a little In green, 0.7 % to change hands at $ 94.10. Litecoin is still struggling to overcome its downward pressure, which has been less than $ 100 since the second week of March 2025.
Market monitors believe that the renewable interest of retail investors can support high prices. The trading volume in LTC currently decreased by 14.94 % to 414.5 million dollars.
Can LTC break its resistance $ 100?
Meanwhile, some analysts believe that Litecoin is in a standard of unification and may suffer from the outbreak soon. They expect a gathering that can see the currency rising to a price range ranging from $ 130 and 200 dollars in the event of an upward reflection.
Related
However, this depends on the ability of Litecoin to overcome its declining pressure and break the level of $ 100. The violation of this decisive resistance may put the currency on an upward path, as expected.
More positive feelings surround the noise of the stock box on the stock exchange around Altcoins, including Litecoin. As U.today, Nate Geraci, ETFSTORE president, believes that Litecoin is one of Altcoins in the queue for organizational consideration.
