{"id":545227,"date":"2023-07-31T23:00:45","date_gmt":"2023-07-31T23:00:45","guid":{"rendered":"https:\/\/wncen.com\/?p=545227"},"modified":"2024-06-11T07:45:40","modified_gmt":"2024-06-11T07:45:40","slug":"litecoin-sharks-buy-more-200000-ltc","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/litecoin\/litecoin-sharks-buy-more-200000-ltc\/","title":{"rendered":"Litecoin Sharks Buy More Than 200,000 LTC Ahead Of Wednesday\u2019s Halving"},"content":{"rendered":"

Over the last few months, Litecoin has emerged as one of the top trending cryptocurrencies due to its halving event happening in August. As this event drew closer, crypto investors began filling up their LTC bags in preparation for what is expected to be a very bullish event. And now, with less than two days left to go before the halving, sharks have made remarkable moves to position themselves for possible upside.<\/p>\n

Litecoin Sharks Load Up Their Bags<\/h2>\n

A report shared by the on-chain tracking platform Santiment revealed how Litecoin investors are currently looking at the digital asset<\/a>. The chart showed an impressive accumulation trend from dolphin and shark wallets, which have increased their holdings significantly in the last month.<\/p>\n

Related Reading: Dogecoin Falls While Others Rally, Is It Decoupling From The Market?<\/a><\/div>\n

Santiment\u2019s report shows that these wallets holding between $9,500 and $950,000 worth of LTC have added over 200,00 coins to their balances since June 14. On this date, the total holdings of these wallets were sitting just slightly below 18 million. However, in the next two weeks, their balances grew above 18.1 million coins.<\/p>\n

\"Litecoin<\/p>\n

LTC sharks and dolphins buy over 200,000 coins | Source: Santiment<\/a><\/pre>\n
There has also been a semi-constant uptrend among these investors. Although there were dips here and there in their holdings, they remained committed to the accumulation over this last two weeks, each time buying more coins than they sold.<\/p>\n
What Is Driving The LTC Accumulation?<\/h1>\n
The current accumulation from the dolphin and shark wallets are not isolated and just like the whale acquisitions, they are being driven by the same thing. The Litecoin halving<\/a> is expected to take place on Wednesday and since this event has been historically bullish, it has triggered active participation from investors looking to capitalize on it.<\/p>\n
If the LTC halving plays out as expected, then it is possible that the price of the altcoin will climb above $100<\/a> once more. This would put the majority of the LTC accumulated by the dolphin and shark addresses over the last two weeks back in profit territory.<\/p>\n
Related Reading: Cardano (ADA) Price Remains Muted Despite Significant Milestones, Why?<\/a><\/div>\n
However, the days leading up to the event haven\u2019t been as bullish as expected. Even though LTC\u2019s price is still trading above $90, it has seen only single-digit daily gains over this time. Naturally, with less than two days to go, there should have already been some rapid increases for the cryptocurrency but there has been none.<\/p>\n
This current trend suggests that the halving may already be priced into LTC\u2019s price, especially given the fact that the crypto bear market has continued.<\/p>\n
At the time of writing, LTC is changing hands at a price of $93.80, down 0.98%, according to data from Coinmarketcap.<\/p>\n
Follow Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Over the last few months, Litecoin has emerged as one of the top trending cryptocurrencies due to its halving event happening in August. As this event drew closer, crypto investors began filling up their LTC bags in preparation for what is expected to be a very bullish event. And now, with less than two days left to go before the halving, sharks have made remarkable moves to position themselves for possible upside. Litecoin Sharks Load Up Their Bags A report shared by the on-chain tracking platform Santiment revealed how Litecoin investors are currently looking at the digital asset. The chart showed an impressive accumulation trend from dolphin and shark wallets, which have increased their holdings significantly in the last month. Related Reading: Dogecoin Falls While Others Rally, Is It Decoupling From The Market? Santiment\u2019s report shows that these wallets holding between $9,500 and $950,000 worth of LTC have added over 200,00 coins to their balances since June 14. On this date, the total holdings of these wallets were sitting just slightly below 18 million. However, in the next two weeks, their balances grew above 18.1 million coins. LTC sharks and dolphins buy over 200,000 coins | Source: Santiment There has also been a semi-constant uptrend among these investors. Although there were dips here and there in their holdings, they remained committed to the accumulation over this last two weeks, each time buying more coins than they sold. What Is Driving The LTC Accumulation? The current accumulation from the dolphin and shark wallets are not isolated and just like the whale acquisitions, they are being driven by the same thing. The Litecoin halving is expected to take place on Wednesday and since this event has been historically bullish, it has triggered active participation from investors looking to capitalize on it. If the LTC halving plays out as expected, then it is possible that the price of the altcoin will climb above $100 once more. This would put the majority of the LTC accumulated by the dolphin and shark addresses over the last two weeks back in profit territory. Related Reading: Cardano (ADA) Price Remains Muted Despite Significant Milestones, Why? However, the days leading up to the event haven\u2019t been as bullish as expected. Even though LTC\u2019s price is still trading above $90, it has seen only single-digit daily gains over this time. Naturally, with less than two days to go, there should have already been some rapid increases for the cryptocurrency but there has been none. This current trend suggests that the halving may already be priced into LTC\u2019s price, especially given the fact that the crypto bear market has continued. At the time of writing, LTC is changing hands at a price of $93.80, down 0.98%, according to data from Coinmarketcap. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":545230,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16897],"tags":[10,2785,2828,88742,88741,88654,79510],"class_list":["post-545227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-litecoin","tag-litecoin-price","tag-ltc","tag-ltc-dolphins","tag-ltc-sharks","tag-ltc-whales","tag-ltcusdt"],"acf":[],"yoast_head":"\nLitecoin Sharks Buy More Than 200,000 LTC Ahead Of Wednesday\u2019s Halving<\/title>\n<meta name=\"description\" content=\"Over the last few months, Litecoin has emerged as one of the top trending cryptocurrencies due to its halving event happening in August. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Litecoin Sharks Buy More Than 200,000 LTC Ahead Of Wednesday\u2019s Halving","url":"http:\/\/wncen.com\/news\/litecoin\/litecoin-sharks-buy-more-200000-ltc\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/litecoin\/litecoin-sharks-buy-more-200000-ltc\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/iStock-1015828796.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/iStock-1015828796.jpg?fit=2291%2C1309"},"articleSection":"Litecoin","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["litecoin","litecoin price","ltc","ltc dolphins","ltc sharks","ltc whales","ltcusdt"],"dateCreated":"2023-07-31T23:00:45Z","datePublished":"2023-07-31T23:00:45Z","dateModified":"2024-06-11T07:45:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Litecoin Sharks Buy More Than 200,000 LTC Ahead Of Wednesday\\u2019s Halving\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/litecoin\\\/litecoin-sharks-buy-more-200000-ltc\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/litecoin\\\/litecoin-sharks-buy-more-200000-ltc\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1015828796.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1015828796.jpg?fit=2291%2C1309\"},\"articleSection\":\"Litecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"litecoin\",\"litecoin price\",\"ltc\",\"ltc dolphins\",\"ltc sharks\",\"ltc whales\",\"ltcusdt\"],\"dateCreated\":\"2023-07-31T23:00:45Z\",\"datePublished\":\"2023-07-31T23:00:45Z\",\"dateModified\":\"2024-06-11T07:45:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/iStock-1015828796.jpg?fit=2291%2C1309","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/545227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=545227"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/545227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/545230"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=545227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=545227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=545227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}