Litecoin (LTC) Dives 18% Attracting Crypto Whales: A Potential Upswing on the Horizon?
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- Despite a significant drop in Litecoin’s price over the past month, whales continue to accumulate the cryptocurrency, suggesting a potential long-term bullish sentiment.
- Litecoin’s price has dropped by 18% in the last 30 days, pushing the majority of LTC holders into losses.
- However, certain metrics hint at a possible trend reversal, with an increase in the number of addresses holding 10,000–100,000 LTC.
Whales continue to buy Litecoin despite a significant price drop, hinting at a potential long-term bullish sentiment. This article delves into the recent market trends and what they could mean for the future of Litecoin.
Litecoin’s Double-Digit Drop
Over the past 30 days, Litecoin’s price has seen a significant decline of more than 18%, according to data from CoinMarketCap. This price drop has resulted in the majority of LTC holders incurring losses. Data from IntoTheBlock reveals that only 43% of LTC holders are currently in profit. The declining price action has also negatively impacted the coin’s social metrics, with Litecoin’s social volume remaining ... Read the full article for FREE at COINOTAG!
