- Litecoin gained 13% in 24 hours after a sharp 20% correction to the pennant resistance level.
- The altcoin’s whale activity surges by 7%, with 72% of its addresses in profit.
Litecoin[LTC] is seemingly back in its groove and has been up 13% in less than 24 hours. This follows a sharp 20% correction over the past couple of days, as the altcoin was losing some of its recent gains.
LTC was building upside momentum, suggesting a potential rally for the altcoin. This 13% surge has lifted market sentiment and set a strong foundation for the anticipated rally.
As investors regain confidence, the focus is now on whether LTC can maintain momentum and reach new highs.
Source: TradingView
Whale activity signals renewed interest
One of the major factors contributing to LTC’s momentum is its recent surge in whale activity. According to IntoTheBlock data, large transactions for the altcoin surged by 7% over the last 24 hours.
This increase in activity signals fresh interest from institutional players and high net worth individuals. This is often seen as a bullish signal for LTC.
Source: IntoTheBlock
This renewed interest aligns with other on-chain metrics that paint a bullish picture for LTC. Notably, 72% of LTC addresses were in profit at press time, signaling widespread gains for holders.
This profitability metric often correlates with sustained bullish sentiment, as market participants are less likely to sell at a loss.
Source: IntoTheBlock
Can LTC break past the $150 psychological level?
As LTC gains traction, many speculate about its potential to rally past the $150 psychological level. The combination of growing whale activity and a majority of holders in profit provides a strong foundation for its current bullish run.
– Read Litecoin (LTC) Price Prediction 2025-26
Additionally, the market benefits from increased activity leading to significant global events, such as Trump’s inauguration.
However, a sustained rally will depend on broader market conditions. LTC’s price movements often follow Bitcoin’s trend, meaning any bearish sentiment in the wider crypto market could slow its upward momentum.
