Crypto Sharks Have Accumulated Over $108,000,000 in Litecoin in Six Months As LTC Inches Toward $100: Santiment

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Litecoin () is rallying with big support from shark addresses that have accumulated more than $108 million worth of the token within months, according to Santiment.

Crypto analytics firm Santiment shark addresses have “aggressively” accumulated the token since July 2022, helping to push it toward $100.

“Litecoin has now rallied its price up +89% since its drop below $50 on November 9th. Culprits for the surge of the 11+ year-old coin include addresses holding 100-10,000 LTC, who have added 1.15 million more coins in the past six months, a 4.92% increase.”

Source: Santiment/Twitter

Litecoin is worth $92.94 at time of writing.

Santiment also at an increase in whale transaction activity for Curve (), the governance token of the decentralized exchange Curve Finance. The uptick in whale activity is a potentially bullish signal.

“Curve’s circulating supply has remained relatively stable, and whale transactions recently spiked, showing increased engagement among large holders, while small and medium holders have remained stagnant.”

Source: Santiment/Twitter

CRV is worth $1.02 at time of writing.

Lastly, Santiment Bitcoin () saw the largest ratio of profit to loss transactions since nearly two years ago as the price reached $23,920, signaling it would dip in value. Santiment says if loss transactions begin to increase, it would signal the price is going to bounce right back up.

“Among a few warning signs that yesterday’s crypto prices would see a pullback today included the largest profit/loss transaction ratio for Bitcoin since Feb. 17, 2021. If loss transactions pile up now, prices are more likely to bounce right back.”

Source: Santiment/Twitter

Bitcoin is trading for $22,923 at time of writing.

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