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Litecoin has witnessed a remarkable surge in interest from major investors, known as “whales,” who have significantly increased their holdings of LTC. Data from IntoTheBlock reveals a substantial accumulation, with these large-scale investors adding a whopping 2,751,633 LTC to their portfolios over the last 30 days.
Notably, on May 10th, a record inflow was observed when these whale addresses amassed over 900,000 LTC. This marked the highest single-day acquisition since February, signaling a robust confidence in the potential of Litecoin amidst the current market dynamics.
This trend of accumulation by influential investors could suggest a bullish outlook for Litecoin’s future price movement. The substantial increase in holdings by key players often precedes positive momentum in the market, pointing towards a potentially lucrative phase for Litecoin
