Litecoin whales take position as halving countdown narrows

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the recent rally and the high MVRV ratio means those who purchased recently are already in profit. As such, there might be an incentive to cash out said profits

Is your portfolio green? Check out theFast forward to the present and a lot has changed as far as Litecoin is concerned in the last few days. Its supply distribution shows that some whale categories have been accumulating during the dip. Whales in the 10,000 to 100,000 LTC and 1 million to 10 million LTC range have been accumulating during the last 10 days of June.

The two whale categories collectively control most of Litecoin’s circulating supply. It was worth noting that most other top whale categories have been contributing to sell pressure. Interestingly, this accumulation barely had much of an impact on price up until the last day of June. LTC’s on-chain volume registered a large spike on 30 June.The volume surge was clearly bullish volumes because

 

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