After a huge increase by 16% only on the last day, Litecoin shocked the cryptocurrency market with a clear bull breakthrough. The asset demonstrated exceptional stability and positive impulse, separating itself from the larger altcoins market. The activity of whales and sharks – wallets containing at least 10,000 LTC – is the main reason for this explosive rally.
According to the data in the chain of January 9, these main holders gathered the amazing 25 0000 LTC in the last week. This accumulation indicates an institutional or whale interest and demonstrates a strong faith in the potential of Litecoin. Litecoin overcame important resistance levels, such as 111 and 116 US dollars for several hours, according to prices.
There are no direct signs of change, showing that the bull impulse is still strong. Technically speaking, LTC is significantly traded above its 50-day EMA and installed a bull template, which indicates that even more growth is possible. According to short -term trends, Litecoin becomes better than most other digital assets.
Although the performance of other cryptocurrencies was inconsistent, a sustainable increase in Litecoin emphasizes its ability to separate from more general market trends. In addition, the LTC position as one of the most effective coins was increased by the sharp increase in market capitalization over the previous 11 hours.
The amount of 125 US dollars is an important level for investors to monitor the following possible resistance. A step by 135 US dollars or even $ 150 seems likely if Litecoin supports his impulse and violates this level. On the other hand, it will be crucial to maintain support for more than 116 US dollars in order to maintain bull moods.
The light future for Litecoin is shown by the continuous accumulation of whales and sharks, as well as strong technical indicators. If this template continues, LTC can reach new many -month maxima, improving its position as one of the best assets in the market in 2025.
