Litecoin (LTC) Jumps 19%: What’s Behind The Rally?

Quick Summary:

Now, here is the chart shared by the analytics firm that shows the trend in the Supply Distribution of the Litecoin sharks and whales over the last few months: As displayed in the above graph, the Litecoin sharks and whales have seen their total supply go up recently, which suggests that these large investors have been participating in net accumulation.

Litecoin Has Overperformed Market With A Strong Surge In The Last 24 Hours The past day has seen recovery from the cryptocurrency sector as a whole, but Litecoin in particular has stood out with its impressive rally of more than 19%, which has taken its price beyond the $120 mark.

LTC Sharks & Whales Have Been Buying Recently In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the Supply Distribution of the Litecoin sharks and whales.

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Author / Journalist: Keshav Verma

Category: Crypto

Markets: United KingdomIndiaJapan

Topics: LTCUSDT Litecoin Buying Litecoin Rally Ltc Litecoin bullish Litecoin Accumulation Litecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 03:30:36 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25211361

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