Crypto whales have accumulated LTC for 15 consecutive weeks

time:2022-01-17 02:30 source:Internet

On January 17th, according to the blockchain analysis company Santiment, although LTC is currently in a downward trend, crypto whales have increased their holdings for 15 consecutive weeks, which has never happened since 2017. Santiment said: “Whale addresses holding 10,000-1,000,000 LTC have been in a 15-week consecutive accumulation mode, the longest since 2017, when they increased their holdings by 5 in just 15 weeks. % of the Litecoin supply.” Santiment cautions that historically, current market conditions can lead to a short squeeze, when too many traders try to short the market and an unexpected price spike can lead to a chain of liquidations .

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