Litecoin (LTC) whales have ignited a wave of excitement in the crypto market, executing a massive buying spree amid the latest ETF developments. According to renowned crypto analyst Ali Martinez, these large-scale investors accumulated nearly 1 million LTC tokens in the past two weeks, signaling strong confidence in the asset’s future trajectory.
Whale Accumulation Sparks Optimism
On February 22, Martinez took to X (formerly Twitter) to reveal that Litecoin whales purchased approximately 930,000 tokens. This significant accumulation has fueled investor optimism, as such moves by major players often indicate a bullish outlook. Despite ongoing market fluctuations, Litecoin’s increased demand underscores its potential for a breakout rally.
Whales bought 930,000 #Litecoin $LTC in the last two weeks! pic.twitter.com/rBBP9wNDUD
— Ali (@ali_charts) February 22, 2025
Whales—investors holding substantial amounts of cryptocurrency—often influence price trends through large transactions. Their recent buying spree suggests that institutional and high-net-worth investors anticipate a favorable market shift, particularly in light of upcoming regulatory advancements.
Canary Capital’s LTC ETF Boosts Hopes
The growing excitement around Litecoin has been further amplified by the emergence of Canary Capital’s LTC ETF on the Depository Trust & Clearing Corporation (DTCC) platform under the ticker LTCC. This listing has sparked speculation about a potential approval of a Litecoin exchange-traded fund, which could drive mainstream adoption and attract institutional investments.
Renowned ETF analyst Eric Balchunas has projected a 90% likelihood of approval in 2025, reinforcing optimism among traders. The convergence of strong whale activity and ETF developments positions Litecoin as a key asset to watch in the coming months.
LTC Price Action: Rally Incoming?
Despite the bullish accumulation, Litecoin’s price dipped over 5% on Saturday, settling at $128.13 after fluctuating between $123.93 and $139.86 in the past 24 hours. The weekly trend also showed a 3% decline, reflecting broader market volatility.
However, popular crypto trader Carl Moon remains bullish, predicting a potential rally to $143 based on Litecoin’s bullish flag formation on lower timeframes. As market sentiment strengthens, traders closely monitor Litecoin’s next move, anticipating a breakout amid ETF speculation and strong whale support.
With institutional interest growing and investor sentiment rising, Litecoin’s trajectory remains one to watch in the evolving crypto landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Litecoin Eyes $5,000 Breakout as SEC Advances Spot ETF Approval
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