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Litecoin Soars as Whale Activity Sparks Bullish Sentiment and Price Surge

Litecoin Soars as Whale Activity Sparks Bullish Sentiment and Price Surge

 

Litecoin (LTC) is decentralized money, free from censorship and open to all. Send low-cost private, secure, borderless payments to anyone, anytime, anywhere.

 

Significant Whale Activity and Price Surge

 

Recent Litecoin developments show significant whale activity and changes in price by January 16, 2025. Whale Litecoin network transactions were up 42% to 3,870 as of January 15, representing strong interest in the cryptocurrency by large investors while the prices surged to above $100. As of January 9, since then, the whales have assembled about 250,000 LTC, showing a level of confidence in Litecoin for the future. LTC is trading above $102 now, with the price up around 10% from a low of $92.5 at the beginning of the week. It even hit an intraday high of about $118 during these fluctuations. Such price increase has been attributed to whale buying and optimism over the incoming Trump administration's new regulatory changes. A good environment, investors are also looking forward to the prospect of the approval of a Litecoin ETF. Overall, growing bullish sentiment among large investors could make LTC a key player in the cryptocurrency market in 2025.

 

Technical Analysis and Support Levels

 

LTCUSD was one of the top performers in the past two days and surged nearly 30% with a good uptick in volumes. It hit a high of $121.37 and is currently trading around $118.21.

 

In the 4-hour chart, the pair is holding above short-term (34 and 55-day EMA) and long-term 200 EMA ($105.55).

 

The bearish invalidation can happen if the pair closes above $110. On the lower side, the near-term support is $103/$90. Any close below $88 targets $80/$60/$50/$47/$40.

 

The immediate resistance stands at around $125. Any breach above confirms a minor pullback. A jump to $132/$148/$170 is possible. A surge past $171 will take Litecoin to $220/$300.

 

It is good to buy on dips around  $110 with SL around $80 for TP of $170/$220. 

 

 

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