Litecoin price risks 20% drop as LTC whale activity spikes to monthly highs
Large spikes in whale transactions typically precede a period of declines in the Litecoin market. The daily transactions involving the richest Litecoin (LTC) addresses — "whales" that hold 10,000 to 1 million LTC — have jumped to their highest levels since December 2021.Litecoin selloff ahead?On-chain analytics platform Santiment detected a total of 3,458 LTC transactions worth over $100,000 on April 5, calling it "an indicator of mid-term price direction shifts." Meanwhile, Litecoin's price continued its correction move on April 6, down 13% from recent highs of $135 on March 30.Litecoin....
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Crypto whales are beginning to make moves in meme coins such as Dogecoin and Shiba Inu once again as the market retraces from its weekend surge. As a result of this, Dogecoin and Shiba Inu saw a notable spikes in their large whale transactions between Sunday and Monday, with the latter seeing a particularly large […]
Bitcoin has continued its downward trajectory when observed over weekly and monthly timeframes, recording an 8.4% decline in the past week and a 16.2% drop over the past month. However, in the shorter time frame, signs of potential reversal are emerging. Over the past 24 hours, Bitcoin has seen a slight recovery, with its price rising to $81,647. This shift has led analysts to closely examine whale activity and exchange trends to determine whether the correction phase may be nearing an end. Related Reading: Bitcoin’s SOPR Nears Critical Level—Is a Deeper Correction Ahead? Binance’s Whale....
On-chain data shows that large Dogecoin transactions have seen a sharp drop recently, a sign that whales are no longer active on the network. Dogecoin Whale Activity Has Plunged Since Mid-November As pointed out by analyst Ali Martinez in a new post on X, the Whale Transaction Count has declined for Dogecoin recently. The “Whale […]
Litecoin, in recent weeks, has been the cause of some speculation. A price drop in the litecoin world was experienced that saw the currency hovering at around $1.20 and then $1.80. Now, there has been a bit of a surge in the litecoin price that suggests that a $2 price in the near future may not be out of bounds. As digital currency enthusiasts, I suppose we must all be grateful for every little step forward. Yet in July of last year, litecoin held a price of around $7. Following a drop in bitcoin price that naturally also affected fellow altcoins (litecoin amongst them), the litecoin....