Litecoin continues its positive run amid the crypto market crisis, as whale accumulation has increased LTC prices in recent weeks.
Santiment noted that the rapid rise in the price of LTC and its market capitalization is due to a flurry of whale activities.
For most of the current bear market, whale activities have increased on many crypto networks, including the Litecoin network, which witnessed a significant accumulation of its LTC token. Per the crypto analytic platform Santiment, major whales are hovering over the peer-to-peer payments platform to accumulate as many LTC tokens as possible.
According to Santiment, Litecoin addresses holding over 1 million LTC have owned their highest LTC supply since June 2017. In addition, the addresses of the top whales show that they have already accumulated 2.95 million LTC, valued at $219.6 million, over the past five weeks, as revealed by Santiment. According to current Coingecko data, LTC trades at $78.51. The asset is up by 4.1 percent over t

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