Will Litecoin Price Continue to Surge? On-chain Data Reveals Bullish Signal
Can Litecoin Whales Hold The Bull Run? The “Supply Distribution,” which reveals how many addresses are a part of each wallet group on the Litecoin network, is the pertinent signal in this case. Each address is divided into various wallet groups based on the total number of coins it presently holds. The 100-1,000 coin cohort, for instance, consists of addresses or investors on the blockchain with a balance of at least 100 and no more than 1,000 LTC. advertisement According to Litecoin’s daily period chart, its value has increased dramatically over the past five days, rising by around 40%. This spike marked a crucial turning point because it was the highest ever observed in more than a year. Because Litecoin’s price action surged back up by around 28% on the same day, the volume rise was unmistakably optimistic. It’s interesting to note that the price reached a new 12-month high as a result of the recent bullish volume. Litecoin pr...