Litecoin has experienced a significant rally, increasing by more than 19% and surpassing the $120 mark. This rally is comparable to the returns seen in XRP and Hedera in the last 24 hours. However, when looking at weekly profits, Litecoin lags behind other cryptocurrencies with a 16% increase. The rally may be fueled by the behavior of key investors, specifically the "sharks" and "whales" who hold large amounts of Litecoin. The supply distribution of these investors has seen an increase in total supply, indicating net accumulation. This suggests that these investors have played a role in the recent price rally. Monitoring this metric in the coming days will give insight into the future price movement of Litecoin.



Other News from Today