- Litecoin gained 13% in 24 hours after a sharp 20% correction at the pennant resistance level.
- The altcoin’s whale activity is up 7%, with 72% of addresses making a profit.
Litecoin[LTC] seems to be back in the right direction and is up 13% in less than 24 hours. This follows a sharp 20% correction in recent days as the altcoin lost some of its recent gains.
LTC built upward momentum, suggesting a potential rally for the altcoin. This 13% increase has improved market sentiment and laid a strong foundation for the expected rally.
As investors regain confidence, the focus now is on whether LTC can maintain its momentum and reach new highs.
Source: TradingView
Whale activity indicates renewed interest
One of the key factors contributing to LTC’s momentum is the recent increase in whale activity. According to data from IntoTheBlock, large transactions for the altcoin are up 7% in the past 24 hours.
This increase in activity signals new interest from institutional players and high-net-worth individuals. This is often seen as a bullish signal for LTC.
Source: IntoTheBlock
This renewed interest aligns with other on-chain metrics that paint a bullish picture for LTC. Notably, 72% of LTC addresses were making profits at the time of writing, indicating widespread gains for holders.
This profitability measure often correlates with continued bullish sentiment, as market participants are less likely to sell at a loss.
Source: IntoTheBlock
Can LTC break past the psychological $150 level?
As LTC gains momentum, many are speculating on its potential to rise past the psychological $150 level. The combination of growing whale activity and a majority of profit holders provides a strong foundation for the current bullish run.
– Read Litecoin (LTC) price forecast 2025-26
Additionally, the market benefits from increased activity leading up to major global events such as Trump’s inauguration.
However, a sustained rally will depend on broader market conditions. LTC’s price movements often follow Bitcoin’s trend, meaning any bearish sentiment in the broader crypto market could slow its upward momentum.