Litecoin (LTC) has held a price band of $40‑$44 for a full week after the altcoin fell to a $40 low, indicating a pivotal moment for the market.
Whale and Shark Accumulation
Data from Santiment shows that wallets holding at least 10,000 LTC—classified as whales or sharks—have risen by 7 % over the past five months. The count of such addresses now stands at 648, suggesting that crypto investors are quietly building positions despite broader bearish sentiment. Historically, this type of accumulation has preceded upward price moves.
Network Activity and Demand
Daily Active Addresses have remained steady, hovering near 300,000 for several months, which signals ongoing participation from retail and institutional investors. On June 12, the metric peaked at 287,000, the highest level in two weeks, reinforcing the notion of sustained blockchain activity. Additionally, Santiment notes that the LitVM protocol is generating fresh demand for LTC, further supporting potential price recovery.