Data shows that Litecoin whales have deposited a large amount of the asset to exchanges during the past day, a sign that may be bearish for LTC. Litecoin Whales Have Made Significant Exchange Inflows In 24 Hours According to data from the cryptocurrency transaction tracker service Whale Alert, several large transfers have taken place on the LTC blockchain during the past day. In total, there have been four such transactions, with the largest of them involving the movement of 500,000 LTC (around $46 million at the time the transfer went through). While the other three interestingly all saw the same number of tokens moving on the network: 78,760 LTC (the USD price fluctuated between each of these transactions, but on average, the stacks were worth $7.2 million at the time of movement). As all these transactions are so large, it’s possible that whale entities were behind them. The whales are generally influential beings in the market, as they hold very large amounts in their wallets. Thus, their movements are usually something to look out for, as they may precede vo ..
Support the originator by clicking the read the rest link below.
