CandleFocus Litecoin Whales Buying The Latest Dip: Is It Enough For A Rally?
2025-03-08
Author: Content Editor
Litecoin swing traders may see a positive turn as demand from whales is increasing. Recent data shows that large holders have been buying up Litecoin as the price dropped. The increase in whale activity is also reflected in address growth, which has surged to levels not seen since October. The price of Litecoin has been moving within a range since December, with support forming at the $94 level. A recent retest of the lower limit of the range suggests that a bullish uptrend may be on the horizon. Retail demand and derivatives volume have been relatively low, but the spike in Litecoin hash rate indicates anticipation of increased transaction activity.
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