Numerous crypto whales watch Litecoin (LTC) intently, with large accumulation patterns identified within the on-chain data.

Recently, blockchain data showed a staggering 24-hour volume of transactions of 115.18M LTC with a total of 365,086 active addresses, and overall activity was high too.

Litecoin (LTC) has been a coin that numerous crypto whales are watching closely with large accumulation patterns being identified within the on-chain data. Recently, blockchain data showed a staggering 24-hour volume of transactions of 115.18M LTC with a total of 365,086 active addresses, and overall activity was high too.

Just as with activity, the Litecoin hashrate also reached an all-time high (ATH) of 2.53 TH/s with miner pricing increasing – we can see miner confidence returning with reasonable security and healthy miner incentives being returned to the network in terms of productivity.

As such, the question remains as large investors increase their holding of LTC: Will LTC be able to hit $140 in 2025?

Whales Couldn’t Shake The LTC Much

The increase in LTC Price to the $140 target is likely as the altcoin bounces back from its recent drop from the local peak of $104 in February. The LTC price rallied upwards before correcting and then bouncing back again. It seems like the pattern is repeating itself as the LTC price is now ready to tackle resistance at $104.

Once the LTC price flips this resistance level to support, there are no significant obstacles to halting the race to $140, which is the 38.2% Fibonacci retracement of the decline of LTC from the peak in May 2021 of $413 to the low in June 2022 of $40.

Litecoin On-Chain Data Also Shows Spikes, But No Impact Created

Understanding on-chain data shows important information regarding investor sentiment and market activity. Information shared by IntoTheBlock profiled the following on-chain metrics:

Despite 57.47% of LTC holders currently at a loss, the rise in whale accumulation and active addresses suggests a long-term bullish outlook. Large transactions exceeding $100K have spiked, indicating that institutional investors and crypto whales are accumulating LTC at key support levels.

Will LTC Reach $140 In 2025?

Growing speculation surrounding the potential for a Litecoin ETF is creating positive sentiment around LTC. Previously, news surrounding Bitcoin spot ETF approvals sparked bullish sentiment that key cryptocurrencies such as Ethereum and Litecoin may follow as their approvals are deemed likely.

Should Litecoin ETF be approved, it would allow for institutional investors’ regulated exposure, greater adoption of the crypto as an investment, and price appreciation.

Historically, ETF approvals have driven excitement and major price pumps, as seen in the approval of the Bitcoin ETF that sparked a rally. If approved, there is potential for LTC building on strong fundamentals, and with whales accumulating LTC, we could see the price push much higher over $140.

Although there is no timeframe for approval due to other overwhelming demand for crypto ETFs and investment products, Litecoin’s long-term presence in the market may bode well for approval.

The anticipated price increase, if an ETF is approved, could go far beyond $140, creating LTC as a coin to watch whether it is approved or not.