$15,100,000,000 Litecoin in 24 Hours, What’s Happening?
Litecoin (LTC) posted impressive numbers in on-chain performance this week amid the fading turbulence in the cryptocurrency market. In a week that saw Bitcoin’s price tumble below the psychological $100,000 level—briefly exchanging at $99,600—LTC soared in key on-chain metrics.
### Litecoin Decouples from Altcoin Pack Amid Whale Accumulation
As highlighted by Santiment, a blockchain analytics platform, Litecoin is outperforming most altcoins in the crypto market. Notably, LTC’s upsurge saw it breach the $100 resistance level, trading above it briefly on November 7.
This uptick came as Litecoin decoupled from other altcoins and outperformed major assets like Ethereum, Solana, and XRP. Litecoin’s price jumped over 16.2% in a single day, rising from a low of $86.10 to a peak of $104.46 within 24 hours as investors showed renewed interest in the asset.
As of this writing, LTC has seen a slight correction, currently trading at $98.86—a still-impressive 11.26% increase over the last 24 hours. Trading volume remains high, up by 190.03% to $1.73 billion within the same timeframe.
Despite the minor pullback, market participants remain bullish on Litecoin’s continued rally amid positive indicators.
### Whale Accumulation Signals Growing Confidence
A key driver behind Litecoin’s rally is the increase in large holders, often referred to as “whales.” Litecoin wallets holding over 100,000 LTC have seen a spike of more than 6% in the last 90 days. This accumulation by whales suggests growing confidence in LTC, which could positively impact its price.
The increased engagement from large holders pushed Litecoin’s daily on-chain volume to a new all-time high (ATH). The network recorded a record $15.1 billion in daily transaction volume, signaling that both whales and retail traders are doubling down on accumulation.
These numbers reflect strong growth in investor interest and network usage, even as the broader cryptocurrency market sentiment remains cautious.
### Can Litecoin Reclaim $130 Amid Exchange Expansion?
It’s important to note that Litecoin is still trading below the levels seen about 30 days ago in October, when it surpassed $130 per coin. Investors may currently be accumulating LTC, anticipating that renewed interest and expansion on exchanges could help the asset reclaim higher price levels.
As Litecoin continues to show strength in on-chain activity and whale accumulation, market watchers will be keenly observing whether the asset can maintain momentum and break above the $130 mark once again.
https://u.today/15100000000-litecoin-in-24-hours-whats-happening
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