Litecoin (LTC) has experienced a surge in whale activity, with an increase in large transactions over the past 24 hours. This suggests that institutional players and whales may be buying or selling LTC, potentially indicating a bullish outlook for the cryptocurrency. Speculation is also growing about the approval of a Litecoin exchange-traded fund (ETF) in the US, which could significantly boost Litecoin's market presence. Network metrics, such as an all-time high hashrate, further support a positive outlook for LTC. Currently, Litecoin's price is down 3.84% and is consolidating within a range, with potential for a major move in the near future. A sustained hold above the daily SMA 50 at $111 could provide momentum for LTC, while resistance may be encountered near $150.



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