As of February 21, 2025, Litecoin (LTC) is trading at approximately $135.10.
Recent on-chain data indicates significant activity among large Litecoin holders, commonly referred to as "whales." Over the past week, these entities have increased their net holdings by 103%, signaling strong bullish momentum. This accumulation suggests confidence in LTC's potential for further gains.
However, notable outflows have also been observed. Approximately 800,000 LTC (valued at $79.5 million) was transferred to Binance, sparking speculation about a potential sell-off.
In summary, while increased whale accumulation indicates bullish sentiment, significant outflows to exchanges warrant caution. Investors should closely monitor these token movements, as they can provide insights into potential price volatility and market trends.
