Whales are holding the largest $LTC supply since 2017 after a recent acquisition, but LTCprice gets a bearish warning from ali_charts
Meanwhile, the largest whales on the network have added a staggering amount of Litecoin over the past month.The analyst has shared an LTC chart in his recent tweet, stating that nine green candles on this weekly graph are forming a bearish signal for Litecoin. The sell-off that may start could push the price of one of the oldest cryptocurrencies down to $62 from the $77 level shown on the chart or even send it down to $49, per Martinez.
At the time of this writing, LTC is already down a little, changing hands at $74.55, according to data provided by CoinMarketCap, and it shows a 3.41% drop in the past 24 hours, making it a more than 10% fall in the past week.
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