Litecoin Bounces Off Support Despite Whale Pullback
Litecoin has bounced off its trendline support for the fifth time, reinforcing a key bullish signal as traders eye a move toward $150. However, whale activity has declined, contributing to a 22% drop in trading volume. Retail traders have stepped in, accumulating smaller buy orders below $1 million and sustaining upward momentum. The reduced volume and whale pullback could limit the scope of any breakout rally, especially around critical resistance levels. Traders should monitor Litecoin’s trading volume and large-holder behavior closely. A sustained increase in volume and renewed whale interest may be required to fuel a decisive move beyond current price ceilings.
Neutral
The repeated bounce off trendline support indicates underlying bullish confidence in Litecoin, while rising retail buying adds further upside pressure. However, the 22% drop in trading volume and a decline in whale activity reduce overall market liquidity. Historically, low volume and reduced whale participation have stalled altcoin breakouts, leading to sideways or limited-range moves. In the short term, Litecoin is likely to trade within its support–resistance range as traders wait for volume confirmation. In the long term, a return of whale buying and higher volumes would be necessary to break through the $150 resistance and sustain a rally beyond current levels.