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Litecoin (LTC) has experienced significant price fluctuations recently, driven by whale activity and speculation surrounding potential ETF approvals. After reaching a yearly high of $141, LTC saw a sharp decline of 20% as major investors cashed out, leaving the cryptocurrency vulnerable. Analysts have noted a weakening in network fundamentals, including a decline in hash rate and transaction count. A double-top formation suggests a potential further drop to $86 unless LTC can reclaim the $141 level. However, optimism has surged following the filing of spot Litecoin ETFs by CoinShares and Canary, which has contributed to a recent 10% price increase, bringing LTC to its highest level since January 18. Daily whale transactions have surged to $2.85 billion, accounting for over half of Litecoin's market cap, indicating strong institutional interest amidst these developments.
Litecoin: Big Money Moves, ETF Speculation & Privacy Upgrades Whale activity is surging, with $2.85B in daily transactions over $100K - accounting for more than half of Litecoin’s market cap. This level of institutional flow isn’t just noise; it’s signaling serious interest.… https://t.co/6bHEwJNBv6
Litecoin Whales Flex as ETF Rumors Spark a Surge LTC is making noise with $2.85B in daily whale transactions, pushing over half its market cap. Big players are circling, and the hype around a potential Litecoin ETF is only turning up the heat. Privacy upgrades like… https://t.co/VYOH8mnYIw
Litecoin Surges as ETF Approval Odds Climb LTC is up 10%, hitting its highest price since Jan. 18, and sitting 47% above this month’s lows. The catalyst? CoinShares and Canary have filed for spot Litecoin ETFs, fuelling optimism that the SEC might approve one. Polymarket pegs… https://t.co/7NwL0Af8GE