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!” Source: Ali Martinez/X 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]!” Source: Ali Martinez/X Meanwhile, fellow crypto analyst Credible is not so bullish on LTC, at least in the near term. Credible shares a...