Litecoin: Whale Activity Jumps, But Where's the Price Movement?
Whale interest in Litecoin ( LTC ) seems to have rejuvenated. According to Analysis firm Santiment, LTC ’s wallet activity and whale transactions have exploded this week. The firm took note that over $1 million worth of transactions took place on the network. Furthermore, the firm highlighted that the wallet activity and whale transaction spike took place when LTC began rising against Bitcoin (BTC). ⚡️ #Litecoin has been quietly under the radar in 2022, but address activity & whale transactions have exploded this week. Particularly with $1m+ valued transactions on the network, the timing of these spikes happened just as $LTC began rising vs. $BTC. https://t.co/jtQYW7mHuP pic.twitter.com/brIzjj6lFF — Santiment (@santimentfeed) October 20, 2022 On the other hand, Litecoin’s volatility is the lowest it has been in two years, as per the data on Messari. Source: Messari Moreover, the issuance of new LTC tokens has gradually gone down over t...