Litecoin Eyes $130 After $15.1B On-Chain Surge and Whale Accumulation
Litecoin has recorded a record $15.1 billion in daily on-chain transaction volume as network activity and whale accumulation intensify. Over the past 90 days, wallets holding more than 100,000 LTC rose by over 6%, reflecting growing institutional interest. Trading volume surged 190% to $1.73 billion within 24 hours, driving the price up 16% to above $102 before stabilizing near $99. Unlike many altcoins, Litecoin’s faster transaction speeds and lower fees have helped it decouple from broader market downturns, with Santiment data showing its on-chain metrics outpacing peers such as Ethereum, Solana and XRP. Traders eye persistent whale buying, elevated on-chain volume and Coinbase’s expansion into the UK as key catalysts for Litecoin’s next move, potentially reigniting a rally toward the $130 high.
Bullish
The record $15.1 billion in daily on-chain volume and a 6% rise in large LTC wallets signal strong buying pressure and institutional interest, bolstering near-term momentum. Litecoin’s ability to decouple from wider market downturns—thanks to faster transaction speeds and lower fees—enhances its resilience, while Santiment’s metrics outpacing ETH, SOL and XRP underline improving fundamentals. Coinbase’s UK expansion should increase liquidity and adoption, providing further support. Together, these factors suggest a bullish outlook, with potential for a renewed rally toward the $130 resistance level.