Litecoin Rise: Silver Altcoin at $15.1 Billion Level

In recent days, Litecoin (LTC) price has gained remarkable momentum in the rally of what is known as the silver of altcoins. On Friday, LTC price rose by %16.2, surpassing the $102 level, increasing investor interest in this altcoin once again. According to data provided by Santiment, on-chain analyses shed light on the dynamics behind this volatility.

Recent analyses indicate that Litecoin is regaining popularity among investors. Particularly, the growth observed in large investor wallets is another noteworthy factor. In the last three months, there has been a %6 increase in the number of wallets holding 100,000 LTC or more. This demonstrates that large investors, often referred to as 'whales', continue to acquire Litecoin.

At the same time, the daily transaction volume on the Litecoin network reached an all-time high of $15.1 billion. According to Santiment data, the increase in the number of whale wallets and the record-high on-chain volume indicates a renewed vitality and confidence in the Litecoin network. Despite fluctuations in the overall market, this situation supports the potential for Litecoin to maintain its upward trend.

The current performance of Litecoin could pave the way for a new bullish wave if its price stays above $100. For investors, this presents a significant opportunity window. Litecoin investors should closely monitor price movements while keeping an eye on whale accumulation and transaction volume.