In the latest development today, Litecoin whales appear to be accumulating huge amounts of LTC, which could be quite positive for the network, especially as its halving event approaches.
In a tweet shared yesterday, July 18, by a crypto analyst with the Twitter handle @ali_charts, he confirmed this trend using data from on-chain analytics firm Santiment.
According to @ali_charts, Litecoin whales holding 100,000-1,000,000 LTC have acquired over 590,000 LTC, worth $59 million, in the last two days.
#Litecoin whales have bought over 590,000 $LTC in the last 48 hours, worth around $59 million! pic.twitter.com/RtHpuzSkFt
— Ali (@ali_charts) July 18, 2023
LTC Price Shows No Reaction To Whale Movement
As earlier stated, these recent whale transactions spell a positive undertone for the Litecoin network, as it indicates growing confidence in the LTC asset. However, it is worth noting that LTC’s market price has shown minimal reaction to this massive buying spree.
Related Reading: Li
We współpracy z: https://www.newsbtc.com/analysis/ltc/litecoin-whales-purchase-59-million-worth-of-ltc-as-halving-event-approaches/
