Litecoin’s price surges by 14% since October 18, currently trading at $68, with bullish patterns indicating potential for a weekend breakout.
Santiment reports increased whale activity and daily active addresses in Litecoin, suggesting a positive outlook despite a recent 1.35% price drop.
Litecoin (LTC), one of the prominent cryptocurrencies, has surged in recent weeks, showing signs of a potential bullish rally. Market data reveals a significant increase in Litecoin’s price, accompanied by notable on-chain activity. Litecoin’s price has demonstrated a remarkable upward trajectory, registering a substantial 14 percent increase since October 18.
Whale Activity Resurfaces
A significant factor contributing to Litecoin’s recent momentum is the resurgence of on-chain activity, particularly among large investors, known as “whales.” Market intelligence platform Santiment conducted an in-depth analysis, revealing that Litecoin whales have become increasingly active after a dorman
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