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Litecoin Whales Accumulate Ahead of Halving Event, Purchasing Over 590K LTC in 48 Hours

As the upcoming halving event approaches, Litecoin whales have been accumulating the cryptocurrency, with top market whales purchasing over 590K LTC in 48 hours, worth $59 million. This suggests growing confidence in the coin, as well as preparation for a price surge ahead of the halving event scheduled for around August 2, 2023.

Litecoin's price has reacted positively to the accumulation, up 3% in the past 24 hours, and the cryptocurrency has also recorded other positive developments, such as reaching a historic milestone of 170M transactions since its inception and ranking as the number one payment crypto on BitPay.

Litecoin Litecoin $88.92
-0.88%
Litecoin Cryptocurrency
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