Blockchain forecaster firm known as Santiment told that Litecoin is now experiencing a strong wave of an accumulation from whales, or the wallets with 1,000 to 100,000 LTC.
In the new statement, it has been said that the Litecoin whales have amplified their holdings by roughly 270,000 LTC since the starting of July.
The crypto insights firm has observed that the Litecoin network’s activity is now surging despite the bearish price actions.
Santiment has pointed out that MVRV of Litecoin aims to pinpoint the tops and bottoms of markets at the same level when LTC has bottomed out in 2019 and 2020.
As for Bitcoin, the firm has illustrated that the world’s foremost crypto by marketplace cap is near to an all-time low contrast to BTC on an switch over that point out limited supply.