The post Litecoin Whales Buying The Latest Dip: Is It Enough For A Rally? appeared on BitcoinEthereumNews.com.

Litecoin swing traders could be in for a treat in the coming days now that it is showing signs of a potential pivot after its bearish performance this week. Recent data shows that demand from whales is starting to build up. IntoTheBlock data revealed that large holder netflows were up seven-fold in the last 5 days. Large holder inflows surged from 296,760 LTC on March 2nd to over 1 million coins as of March 6th. Meanwhile, outflows surged from 111,550 coins to over 840,000 LTC during the same period. Litecoin large holder flows | Source: IntoTheBlock Litecoin large holder flows confirm that demand from whales has been on the rise. This means they have been buying as price dropped lower this week. Recent data also revealed that whales purchased over 430,000 LTC in the last 24 hours. This confirms that that whale activity is still building up and could soon push price Source: X Litecoin Address Activity Confirms Robust Accumulation Litecoin’s recent whale activity was also consistent with address activity. For example, addresses with balances surged to 8.26 million addresses on Tuesday this week. Why is this important? Well, this address growth surged to levels last seen in October last year, which was just before the Q4 2024 rally. This suggests that demand has been building up just as it did back then. Litecoin total addresses with balance | Source: IntoTheBlock Litecoin address activity combined with whale activity confirms that LTC investors are holding on to optimism about its potential upside. This is also evident in its price action since December. LTC Ranging Performance Explaing the Surging Investor Interest Litecoin price action has been moving within a range since December. The upper limit of the range is just above $139 while strong support has been forming within the $94 price…

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Filed under: News - @ March 8, 2025 2:26 am