As the Litecoin Halving Approaches, Whales’ Interest in LTC Increases

  • 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

litecoin-ltc

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.

litecoin-10-000

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.

litecoin-social-volume

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin BTC’s Roller Coaster: Plunge and Surge Amid Halving Event and Market Volatility

Explore the dramatic shifts in Bitcoin's price as it navigates through halving aftermath and potential market recoveries.

Exploring Blockchain’s Future: Insights from Gateio’s VC & Web3 Ecosystem Party at TOKEN2049

Join industry leaders from Gate.io and Huawei Cloud as they delve into the future of blockchain and Web3 technologies, following a successful gathering at TOKEN2049 in Dubai.

Bitcoin BTC’s Post-Halving Era Begins: Dominance Stabilizes as Altcoins Rally

Explore the evolving dynamics of the cryptocurrency market following Bitcoin's latest halving, which could set the stage for altcoin success.

Bitcoin Fees Skyrocket, Surpassing Ethereum – Could Ordinals Boost BTC Security?

Discover how Bitcoin fees have soared, the role of Ordinals in this trend, and the potential implications for Bitcoin's security model.

Bitcoin Halving Sparks Market Volatility: Demand Surge Meets Miner Challenges

Discover the key factors driving Bitcoin's trajectory after the halving. Get expert insights into the potential for a supply shock, the role of ETFs, and the challenges faced by miners.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Litecoin Could Be Preparing for a 20% Rise! Current LTC Analysis

Will Litecoin continue its upward trend? What should LTC investors expect? What are the targets in the current LTC analysis?

Ethereum Might Be Preparing for a Rise! Current ETH Analysis

Ethereum's daily chart has sustained a rise up to $3100 after strong buying in the $2867 - $2950 range. Current ETH Analysis

NEO Launches Uptrend to $25! Current NEO Analysis

Analyzed NEO's 3-hour chart, showing upward trend post $14.80 resistance breakthrough, eyeing $15.18 resistance; potential long positions suggested at $14.636 - $14.448 support range with a stop loss at $13.90, as NEO aims for $25 target amidst over 5% gains.

Is Litecoin Ready to Launch its Rise to $140? Current LTC Analysis

When examining LTC's technical chart, a downward trend is observed in recent days. The nearest support is at the level of 91.86 dollars. The support range between 97.61$ and 99.07$ on the 4-hour chart is significant. For long positions, the support range of 92.41$ - 91.07$ can be expected.

Bitcoin (BTC) Surges Past $70k: Could a Rally to $75k be Next?

Get expert analysis on Bitcoin's breakout above $70,000. Discover what's driving the price action, key levels to watch, and potential scenarios for BTC's near-term future.
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

Bitcoin BTC’s Roller Coaster: Plunge and Surge Amid Halving Event and Market Volatility

Explore the dramatic shifts in Bitcoin's price as it navigates through halving aftermath and potential market recoveries.

Exploring Blockchain’s Future: Insights from Gateio’s VC & Web3 Ecosystem Party at TOKEN2049

Join industry leaders from Gate.io and Huawei Cloud as they delve into the future of blockchain and Web3 technologies, following a successful gathering at TOKEN2049 in Dubai.

Bitcoin BTC’s Post-Halving Era Begins: Dominance Stabilizes as Altcoins Rally

Explore the evolving dynamics of the cryptocurrency market following Bitcoin's latest halving, which could set the stage for altcoin success.