Litecoin Whales Accumulate $45 Million in LTC Amid Price Dip

Litecoin whales have purchased 430,000 LTC, worth approximately $45 million, in the last 48 hours, according to on-chain data reported on X by analyst Ali Martinez. This accumulation by holders with 100,000 to 1 million LTC occurred after a price dip, suggesting confidence in Litecoin's potential rebound. Additionally, the 200-day moving average of Litecoin's Market Value to Realized Value (MVRV) ratio has recently turned positive, indicating increased profitability for investors. As of today, Litecoin is trading around $105, down over 16% in the last week.