- With less than a month left until the Litecoin (LTC) halving event, there is increasing attention and activity as the countdown continues.
- This new interest is seen to be driven by major whales and indicates the arrival of big players in the field.
- According to the countdown for Litecoin Halving, the halving event is seen to be approximately 27 days away at the time of writing.
As the 3rd halving event in Litecoin approaches; interest in Litecoin is increasing and whales are accumulating LTC.
Increasing Interest in Litecoin by Whales
With less than a month left until the Litecoin (LTC) halving event, there is increasing attention and activity as the countdown continues. Particularly, whales are showing a significant increase in interest.
The upcoming Litecoin halving event, as shown by data obtained by Santiment, has sparked a great curiosity in the project. However, this new interest is seen to be driven by major whales and indicates the arrival of big players in the field.
According to Santiment’s data, 32 additional addresses holding 10,000 or more LTC have been added in the past five months.
This sudden increase corresponds to a significant 6% increase in the number of major investors. This has reached a number of approximately 579 hodlers at the time of writing this article.
Litecoin’s Social Status
According to the countdown for Litecoin Halving, the halving event is seen to be approximately 27 days away at the time of writing. The community’s expectations seem to be growing day by day. An examination among Litecoin’s followers in the crypto space sheds light on its social dominance.
According to Santiment’s social dominance metric, LTC has a 1% share of ongoing discussions within the crypto community at the time of writing this article. This figure may seem relatively low, but it can increase as the halving date approaches, attracting more interest and participation.
On the other hand, social volume analysis shows a decrease in activities. At the time of writing, the social volume was approximately 24, indicating a decrease in searches or queries related to LTC at the time of writing this article.
