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Whale LTC holdings have rallied in the last few weeks. Bears still had control of the daily market. Litecoin [LTC] holders are set to close the year on an interesting note as the altcoin sees a historical jump in whale accumulation, data from Santiment revealed. According to the on-chain analytics platform, during the intraday trading […]
According to the on-chain analytics platform, during the intraday trading session on 27 December, the count of LTC addresses holding over 1000 coins rallied to a high of 4232 addresses, the highest count since 2020.During the FTX debacle in November, following the trend in the general market, these key holders sought safety as they dumped their LTC holdings. However, when the FUD in the market became minimal at the start of December, their count began to rally.
Age Consumed is a measure of the activity of previously inactive coins on the blockchain. A sudden increase in Age Consumed suggests that a large number of previously idle tokens are now being moved or transferred between addresses, indicating a significant change in the behavior of long-term holders.
The MACD line intersected with the trend line in a downtrend on 4 December, marking the start of the bear cycle. Since then, LTC’s value has dropped by 11%.
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