Coinspeaker
Litecoin Whale Activity Surges Pushing LTC Price Above $105, What’s Next?
Despite the recent pullback in the broader altcoin space, Litecoin’s native cryptocurrency, LTC, has shown extreme strength, shooting past $105 on Tuesday, April 2. At the time of writing, LTC is trading 1.45% lower at $100.32 while holding a market cap of 7.461 billion. Moreover, Litecoin’s daily trading volume has shot up to 1.34 billion.
As per the on-chain leading data provider Santiment, there has been growing activity in the altcoin space in the last 24 hours. During this period, Litecoin has outperformed its counterparts, showing much higher transaction volume in comparison to that observed in the past month. This clearly highlights the growing investor interest and engagement in Litecoin.
Additionally, another essential note is the significant decline in the average age of the Litecoin investment. This most likely indicates that the LTC “whales” and significant holders h
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