litecoin (LTC) experiences price volatility amid general market fluctuations. Nevertheless, the LTC whales are active and have brought new milestones to reach within this period. intotheblock data We have confirmed that large holders have traded 105.9 million LTC in the last 24 hours.
Litecoin Whale Transaction hits New Weekly High
In addition to this massive surge in the day, Litecoin whales also set weekly highs in terms of trading. These large-scale holder investor transactions hit a seven-day low of 1203 million LTC, with a seven-day high of 93.75 million LTC.
This increase in chain activity highlights the renewed interest of whales in the Litecoin ecosystem. It is unclear whether the transaction percentage is high, but the rise could indicate a bullish trend for the coin.
That's what litecoin was doing at the time of pressing trading It fell to $86.42 at 1.79%. The coin lost more than $2 as it peaked at $88.53 on the market. Trading volumes remained in the red zone, falling sharply by 8.26% to $34868 million.
Despite current volatility, technical indicators suggest that LTC may be significantly at risk of price movement. If the price is stable above $86, Litecoin will happen Towards $100. Coin has not retested this level since May, since sliding under it in the crypto market.
LTC July outlook promises modest profits
In particular, the $100 price level has proven to be a strong resistance for Litecoin. Some market watchers believe that if Litecoin violates this resistance, its price could experience a major recovery and a surge of up to $150. This depends heavily on ecosystem support, especially from large owners.
However, historical trends suggest that investors should be careful and expect only modest profits. According to Cryptorank dataLitecoin experienced an average growth rate of 0.48% in July. This is unless there is a big twist Prices remain below $100 When history repeats itself.
