Litecoin Whale Withdraws $20 Million In LTC From Binance: Bullish Sign?

Quick Summary:

On-chain data shows a Litecoin whale has withdrawn around $20 million in LTC from Binance, which could be bullish for the asset’s price.

How exactly a whale transfer would affect the market depends on the intent behind it.

There also exists a scenario, however, where the whale has made the withdrawal for selling through over-the-counter (OTC) deals instead.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Litecoin Whale Litecoin Binance Outflow Litecoin Exchange Outflow Litecoin Whale Buying Litecoin Bullish Binance LTC Litecoin Litecoin News Ltcusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 07:00:28 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21399674

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 6 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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