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Litecoin (LTC) price volatility is reflected in the overall market fluctuations. Nevertheless, LTC whales remain active and have created new milestones during this period. IntoTheBlock data confirms that large holders have traded 105.9 million LTC in the past 24 hours.
Litecoin Whale Trading Volume Hits Weekly High
In addition to the single-day surge, Litecoin whale trading volume has also reached a weekly high, with large holders' trading volume ranging from a seven-day low of 12.03 million LTC to a seven-day high of 93.75 million LTC.
February 27, 2025 Thursday - 14:20 Legendary Trader Provides Expert-Level Litecoin (LTC) Price Outlook by Gamza Khanzadaev
The increase in on-chain activity highlights the renewed interest of "whales" in the Litecoin ecosystem. While it is currently uncertain whether a higher proportion of trades belong to accumulation, this growth may signal a bullish trend for Litecoin.
At the time of writing, Litecoin trading price dropped 1.79% to $86.42. Previously, Litecoin had reached a peak of $88.53 but has since fallen over $2. Trading volume also remains in a slump, plummeting 8.26% to $348.68 million.
Despite current volatility, technical indicators suggest that Litecoin may be on the verge of a significant price movement. If the price stabilizes above $86, Litecoin could potentially break through $100. Litecoin has not tested this level since falling below it in the cryptocurrency market in May.
LTC July Outlook Expected to Rise Moderately
Notably, the $100 price level has proven to be a strong resistance for Litecoin. Some market observers believe that if Litecoin breaks through this resistance level, its price could significantly rebound, soaring to $150. This largely depends on ecosystem support, especially from large holders.
