• Litecoin whales accumulate close to 600,000 LTCs over 48 hours.
  • LTC saw a 1% increase after consecutive downtrends.

Litecoin [LTC] whales displayed a dedication to accumulating the cryptocurrency as the countdown to the next halving persisted. However, the pressing question lingers: To what extent has their accumulation influenced the volume and price trajectory of LTC in recent days?


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Litecoin holders increase

New data has revealed the unyielding determination of Litecoin whales in amassing LTC, particularly as the highly anticipated halving event looms just 13 days away. Over the past 48 hours, these whales have successfully accumulated a staggering sum of approximately 600,000 LTC.

Notably, while these whales actively acquired LTC, there was a gradual rise in the number of holders, as indicated by Santiment. On 17 July, the total count of holders stood at 8.84 million. However, as of the present moment, this figure has risen to 8.85 million.

It is worth highlighting that as recently as May, the total number of holders still hovered around the 7 million mark.

Source: Santiment

How Litecoin whales have moved in the past days

Closely examining the whale transaction count data on Santiment has revealed a noteworthy surge in whale activity over the past few weeks. The whale transaction count specifically tracks transactions exceeding $100,000 and has consistently recor


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Author: Adewale Olarinde

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