Litecoin Rallies in Sight As Crypto Whales Snap Up $43,825,600 in LTC in Just Two Days, According to Analyst
A closely followed crypto strategist believes that the payments-focused token Litecoin (LTC) is in a position to spark a strong upside burst.
Analyst Ali Martinez tells his 130,600 followers on the social media platform X that Litecoin appears to be trading in a wide range between $135 and $98.
According to Martinez, Litecoin could rally toward the top end of the range if LTC stays above its diagonal support during the current correction.
“If Litecoin LTC holds above $98, increased buying pressure at this level could fuel a rally toward $135!”
At time of writing, Litecoin is worth $101.92.
Martinez also notes that deep-pocketed investors have gobbled up over $43 million worth of LTC in two days as Litecoin hovered close to $98.
“Whales bought 430,000 Litecoin LTC in [48 hours]!”
Meanwhile, fellow crypto analyst Credible is not so bullish on LTC, at least in the near term. Credible shares a chart with his 465,000 followers on the social media platform X suggesting that Litecoin may tumble below $70 where it will likely find the demand it needs to spark a potential rally close to $200.
“Been patiently waiting for this one for [weeks] now.
Let’s see if this pullback across the board will give it to me.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Litecoin Rallies in Sight As Crypto Whales Snap Up $43,825,600 in LTC in Just Two Days, According to Analyst appeared first on The Daily Hodl.
