Litecoin price is rising this weekend after whales boosted their holdings and on-chain activity hit record levels. The “digital silver” has clawed back most of early November’s pullback, with on-chain data showing a return of whale confidence.
At press time, Litecoin (LTC) traded around $99.02, up 11% over the past 24 hours. Trading activity also spiked, with volume up 159% to $1.76 billion, pushing its market value to roughly $7.6 billion.
The rebound followed Friday’s breakout, when LTC briefly cleared $103, a 16% intraday jump that left most top-20 altcoins trailing.
Whales Return as On-Chain Volume Hits Record High
Data from Santiment shows a steady pickup in large holders over the past quarter. Wallets with more than 100,000 LTC have grown by about 6% since August and now hold close to 30% of the total supply, suggesting fresh accumulation among long-term players.
On-chain activity has also exploded. Litecoin processed roughly $15.1 billion in transactions in a single day, marking the busiest week in its history and signaling renewed demand for network throughput and payments.
Santiment analysts noted that the Litecoin price (LTC) has “decoupled above the already roaring altcoin pack,” citing the whale accumulation and transaction volume as “the strongest arguments the rally can continue.”
Can Litecoin Price Hold the Line?
On the 4-hour chart, Litecoin’s 50-day moving average just crossed above the 30-day moving average. This could suggest a bullish trend after weeks of price stability.
The Litecoin price remains volatile, but the support zone around $91–93 has held strong. If this continues, there might be a chance to retest the $105 level.
Momentum indicators show mixed signs. The Z-score suggests the LTC price might be overextended in the short term, but the 200-day moving average remains flat, indicating that buyers are slowly gaining control.
If buyers can maintain the $98–$100 range over the weekend, analysts expect another increase toward $110–$115 in the near future. However, failure to sustain whale demand or on-chain activity could see LTC drift back toward the mid-$80s.
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