Litecoin (LTC) whales have purchased 930,000 coins in a large buying wave, creating hope for price growth. This extensive purchase coincides with the listing of the LTC ETF by Canary Capital on the DTCC platform. Analyst Ali Martinez stated that these whales have added nearly 1 million tokens to their holdings in the past two weeks, boosting market optimism. Investors see this purchase as a sign of confidence in the token’s future. The Canary Capital ETF has been listed this week with the symbol LTCC on the DTCC platform, strengthening hopes for its final approval. ETF analyst Eric Balchunas has announced a 90% chance of approval for this fund by 2025, making investors more optimistic about Litecoin’s future. Despite the heavy buying by Litecoin whales, the price of Litecoin dropped over 5% on Saturday to $128.13. The token fluctuated between $123.93 and $139.86 in the past 24 hours. Its weekly chart also shows a 3% decline due to wide fluctuations in the crypto market. However, well-known digital currency trader Carl Moon predicts that the price of Litecoin will reach $143. He believes Litecoin has formed an ascending flag pattern in short-term timeframes that could lead to price growth. You can track the prices of all tokens and cryptocurrencies live on the digital currency price page.
