🚨 Litecoin reaches new peak – whales traded 105.9 million LTC in 24 hours!
🔸 According to data from IntoTheBlock, in the past 24 hours, Litecoin whales executed a total trade of 105.9 million LTC, setting a new historical record for their on-chain activity. Previously, in the same week, the lowest was 12.03 million and the highest was 93.75 million LTC.
🔍 This indicates:
A strong return of whales, reflecting great confidence in Litecoin at a time when the market is volatile.
However, liquidity in the market shows signs of decreasing by about 8–15%, reflecting the caution of many investors.
📊 Price & technical:
LTC is currently trading around $86–87, down about 1.8%, after reaching a peak of about $88.5 earlier.
If it can hold the support level of $86, buying pressure from whales could trigger a breakout towards the $100 region – a level not tested since May.
Breaking the $100 threshold could pave the way up to $130–150 if sentiment and cash flow remain supportive.
🔥 Conclusion: Whales are starting to "perform" big with record on-chain activity – the first signal of a potential price increase. However, market cash flow is still not strong, so close monitoring of the support level of $86 and the important threshold of $100–150 ahead is necessary.
