Litecoin Price Prediction: LTC Whales Move $100M as Golden Cross Signals Bull Run
The post Litecoin Price Prediction: LTC Whales Move $100M as Golden Cross Signals Bull Run appeared on BitcoinEthereumNews.com. Key Notes Whale transaction volume rebounded from $93.7M to $100.47M, indicating renewed institutional confidence in LTC’s upward trajectory. Golden Cross pattern emerged as 50-day MA crossed above 200-day MA, historically signaling the start of bullish cycles for cryptocurrencies. RSI remains below 60 threshold providing additional room for price appreciation before reaching overbought conditions. Litecoin LTC $88.65 24h volatility: 1.4% Market cap: $6.75 B Vol. 24h: $655.02 M price rose as high as $92 on Thursday as profit-rotation towards altcoins scuttled Bitcoin’s rally towards new all time highs. On-chain data shows that LTC whales are back in action after a brief pull-back at the close of June. With technical indicators flashing a Golden cross pattern, is LTC set for another leg-up toward $100? Litecoin Price Tops $92 for First Time in 20 Days as BTC Nears ATH Litecoin price jumped 8% in 48 hours, crossing the $90 threshold for the first time since mid-June. The move comes amid altcoin strength and renewed whale accumulation, according to on-chain data. IntoTheBlock’s Large Transactions Volume indicator, used to track whale activity by summing all transactions above $100,000, showed a sharp uptick in LTC transfers. After dipping to $93.7 million on June 29, whale trades rebounded to $100.47 million on Wednesday, July 2. Litecoin Large Transcations | Source: IntoTheBlock This spike is significant for two key reasons. First, the high-volume transactions provide deep liquidity, allowing short-term profit-taking without disrupting price momentum, keeping rallies sustained. Active demand from Large holders often signals confidence in price appreciation, drawing in retail investors and discouraging short-term selling. More so, whale accumulation often precedes bullish breakout phases. Given that LTC dropped to $82 last week, the timing of this rebound suggests whales may be betting on another leg toward $100, particularly as possible approval of Litecoin ETFs continues to boost…
The post Litecoin Price Prediction: LTC Whales Move $100M as Golden Cross Signals Bull Run appeared on BitcoinEthereumNews.com.
Key Notes Whale transaction volume rebounded from $93.7M to $100.47M, indicating renewed institutional confidence in LTC’s upward trajectory. Golden Cross pattern emerged as 50-day MA crossed above 200-day MA, historically signaling the start of bullish cycles for cryptocurrencies. RSI remains below 60 threshold providing additional room for price appreciation before reaching overbought conditions. Litecoin LTC $88.65 24h volatility: 1.4% Market cap: $6.75 B Vol. 24h: $655.02 M price rose as high as $92 on Thursday as profit-rotation towards altcoins scuttled Bitcoin’s rally towards new all time highs. On-chain data shows that LTC whales are back in action after a brief pull-back at the close of June. With technical indicators flashing a Golden cross pattern, is LTC set for another leg-up toward $100? Litecoin Price Tops $92 for First Time in 20 Days as BTC Nears ATH Litecoin price jumped 8% in 48 hours, crossing the $90 threshold for the first time since mid-June. The move comes amid altcoin strength and renewed whale accumulation, according to on-chain data. IntoTheBlock’s Large Transactions Volume indicator, used to track whale activity by summing all transactions above $100,000, showed a sharp uptick in LTC transfers. After dipping to $93.7 million on June 29, whale trades rebounded to $100.47 million on Wednesday, July 2. Litecoin Large Transcations | Source: IntoTheBlock This spike is significant for two key reasons. First, the high-volume transactions provide deep liquidity, allowing short-term profit-taking without disrupting price momentum, keeping rallies sustained. Active demand from Large holders often signals confidence in price appreciation, drawing in retail investors and discouraging short-term selling. More so, whale accumulation often precedes bullish breakout phases. Given that LTC dropped to $82 last week, the timing of this rebound suggests whales may be betting on another leg toward $100, particularly as possible approval of Litecoin ETFs continues to boost…
What's Your Reaction?
