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Cryptocurrency News Articles

Litecoin (LTC) Price Prediction: Whale Activity Fuels 4.18% Surge to $128.02

Jan 27, 2025 at 10:00 am

Litecoin [LTC] has showcased impressive performance, surging to $128.02 with a 4.18% gain in 24 hours. Whale activity at $113.4 significantly influenced this upward trend

Litecoin (LTC) Price Prediction: Whale Activity Fuels 4.18% Surge to $128.02

Litecoin [LTC] price surged to $128.02 with a 4.18% gain in 24 hours. This impressive performance was largely driven by whale activity at $113.4, supported by a 24-hour trading volume of $1.06 billion.

Key indicators pointed to continued bullish momentum, with the mark price at $128.01, reflecting a fair valuation.

Technical stability fueled growth

A glance at LTC’s price chart revealed a sustained upward trajectory, bolstered by strong technical indicators that attested to a stable and bullish market.

The Moving Average (MA) and Exponential Moving Average (EMA) provided visual confirmation of a smooth upward trend, while Bollinger Bands showcased controlled volatility, further supporting the sustained price increase.

Moreover, the Relative Strength Index (RSI), sitting at 57.04 at press time, indicated neutral momentum. This suggested that the asset was not overbought or oversold, leaving room for potential continued growth.

Source: TradingView

The Moving Average Convergence Divergence (MACD) revealed a positive divergence, reflecting increasing buying pressure and strong bullish momentum. Throughout the period, trading volumes remained robust, highlighting sustained market interest and liquidity.

The technical backdrop complemented recent whale activity, reinforcing Litecoin’s potential for further price appreciation. Clear resistance was present at $130-$135, while strong support remained around $120.

Volatility sparks opportunities

Highlighting its dynamic nature, Litecoin’s 30-day annualized volatility stood at 83.19%. Patterns emerging from trends suggested that high volatility has often preceded significant price shifts, such as the December 2024 spike.

Source: IntoTheBlock

These fluctuations presented opportunities for traders, although they also served to amplify the inherent risks involved. Striking a balance between market stability and volatility was crucial, ultimately fostering optimism for long-term investors.

The All-Time Highs/Lows chart further signaled a stable market, with 0.36% of addresses at all-time highs and 0.36% at lows. A total of 29.33K addresses had hit highs, while 42.3K hit lows, indicating balanced participation.

Source: IntoTheBlock

The steady activity suggested that the market was not experiencing excessive exuberance or bearishness, creating a healthy environment for LTC’s growth.

Whales influence Litecoin’s price movement

Whale activity remained pivotal in Litecoin’s market dynamics, driving significant movements while maintaining price stability.

Their influence at $113.4 was crucial, fostering liquidity and supporting upward momentum.

Read Litecoin’s [LTC] Price Prediction 2025–2026

The sustained presence of whales signaled a positive outlook, provided external conditions remained supportive.

Ultimately, Litecoin’s strong price action, balanced market sentiment, and whale influence painted a promising picture.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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Other articles published on Jan 28, 2025