$LTC : Can whale activity and network fundamentals propel LTC to $88? - AMB Crypto Analytics

Irma - Sep 21 - - Dev Community

Litecoin [LTC] has seen a spike in high-value transactions over the past four weeks, reflecting increased interest from large investors. On-chain data shows transactions over $100K totaling $20.45 billion in the last seven days, just behind Ethereum’s $24.95 billion. Daily large transactions have risen from 830 in late August to over 1,000 in early September, peaking at 978 on September 17.

This surge suggests heightened activity by institutional investors, which could impact market liquidity and price stability. Additionally, Litecoin’s network health remains strong, with its hash rate consistently above 1 quadrillion hashes per second and low transaction fees under $0.01, making it an appealing option for fast, low-cost transfers.

Despite these positives, Litecoin's price has lagged behind Bitcoin. While LTC traded at $65.95 with a 4% gain in the last week, the LTC/BTC ratio continues to decline, signaling underperformance relative to Bitcoin.

Image description

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Terabox Video Player