July 4 (Cointime) - Recent accumulation by large Litecoin holders, known as whales, has led to a surge in bullish volume and a new 12-month high for the cryptocurrency. However, some analysts are warning that this could be a liquidity trap, with whales potentially looking to cash out their profits.

The upcoming halving event for Litecoin, which is just 30 days away, could encourage more holders to hodl and attract further liquidity. The next few weeks will be critical for Litecoin's future performance.