Crypto Whales Have Been Quietly Accumulating Litecoin ($LTC), Data Shows

Crypto Whales Have Been Quietly Accumulating Litecoin ($LTC), Data Shows

Data from cryptocurrency analytics firm Santiment suggests cryptocurrency whales have been quietly accumulating Litecoin ($LTC), a cryptocurrency that has been described as the “silver to Bitcoin’s gold,” over the last 15 weeks. On social media, Santiment shared data showing that whale addresses holding between 10,000 and 1 million LTC have been accumulating the cryptocurrency for 15 weeks, their longest period since 2017, to the point they added 5% of Litecoin’s supply to their holdings. The accumulation came at a time when the cryptocurrency was seeing historic lows on the LTCBTC pair, dropping to 0.003 BTC before surging around 6% over the last few days. Litecoin’s lows against the flagship cryptocurrency imply whales were accumulating the cryptocurrency while anticipating an upward move against BTC. Litecoin is notably a major cryptocurrency that …
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