Recent data indicates that Litecoin (LTC) whales have made significant purchases, signaling a positive trend for LTC price. According to Ali Martinez, a digital asset analyst, Santiment’s ‘Supply Distribution’ index shows that wallets holding 100,000 to 1 million LTC bought 430,000 Litecoins (approximately $45 million) in the past 48 hours. This buying surge following a price dip suggests that this group sees the price drop as a buying opportunity. Additionally, the Market Value to Realized Value (MVRV) ratio also indicates positive signs for Litecoin. The 200-day moving average of this index has recently turned positive, indicating profitability for investors. Currently, the price of Litecoin is around $105, showing a 16% decrease compared to last week.
