Here is complete details of increased activity of LTC duting the recent crash.
Despite the recent crash of the cryptocurrency market, the activity of whales on Litecoin has recorded a notable increase. Large movements of funds by whales, that is, investors with enormous quantities of Litecoin, have highlighted a strong interest in the cryptocurrency during the bear phase.
While the Litecoin futures market has seen a decline in overall activity, high volumes in on-chain transactions indicate that the whale are accumulating or transferring large amounts of LTC. Technical analysts point out some critical levels to watch, including support at 55 USD and resistance at 65 USD, levels that could influence the next price movements.
In an uncertain market context, the activity of the whale is an indicator that could suggest a possible recovery for Litecoin. The key points to monitor will be the evolution of trading volumes and the market reaction once the selling pressure has stabilized.
For short term target 100$ very easy before end of 2024
And for 2025 my target is 1000$ for $LTC
