Analytics Firm Santiment Has Shared the Latest Data: Litecoin (LTC) May Be Preparing For an Upward Attack!


According to data from the analytics firm Santiment, addresses that contain very high amounts of crypto assets in their portfolios, which correspond to a significant part of the supply, and are called “whales” have been in the last 15 weeks Litecoin (LTC) he started saving up.

Will Litecoin Be Able to Record Upward Attacking Movements?

Through his social media account, Santiment shared data showing that whale decoys holding between 10,000 and 1 million LTC have accumulated Litecoin over the past 15 weeks and added 5% of the LTC supply to their assets. This high increase in the amount of Litecoin at addresses, LTC/BTC it started with the fact that the bottom of the pair fell to 0.003 BTC, which are the levels. Having accumulated large amounts of Litecoin in their portfolios, these whales took the position that LTC could make an upward move against BTC.

Litecoin’s Low Price Performance

LTC, one of the oldest crypto assets of the crypto currency ecosystem, has shown a fairly low price performance in recent years. along with the upward movements that began in 2020, most altcoins in the crypto currency market have recorded high rates of value growth, while Litecoin has recorded low rates of upward movements compared to many crypto currencies.

CoinMarketCap according to its data, Litecoin has largely lost the value increases it recorded over a one-year period, falling to $145 price levels and moving significantly away from the $412 ATH level.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

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