As Litecoin heads toward halving, 'dolphins' and 'sharks' loading up
are aggressively increasing their stakes in the cryptocurrency. This behavior suggests that these major traders view the upcoming halving as a bullish event for Litecoin.
From a pricing perspective, Litecoin has been performing commendably in the lead-up to the halving. Today, it managed to score a 5% price surge, marking a strong response from the market. However, this upward momentum was quickly retracted, resulting in the negation of the day's growth. Despite this short-term volatility, the general trend for LTC has been undeniably bullish. Since hitting a local low of $73 on June 23, Litecoin has seen a remarkable gain of approximately 28% to its value.
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