{"id":8208,"date":"2025-01-17T10:18:55","date_gmt":"2025-01-17T10:18:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8208"},"modified":"2025-01-17T10:18:55","modified_gmt":"2025-01-17T10:18:55","slug":"litecoin-rising-and-whales-are-behind-it-over-250000-ltc-scooped","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8208","title":{"rendered":"Litecoin Rising And Whales Are Behind It: Over 250,000 LTC Scooped"},"content":{"rendered":"<div>\n<p>Litecoin price is rallying, and with LTC price surging towards $150, the pump follows reports of whale accumulation and LTC spot ETF application.<\/p>\n<p><span data-preserver-spaces=\"true\">The crypto market is firm, with Litecoin <\/p>\n<style>\n    .cwp-coin-chart svg path {\n        stroke: ;\n        stroke-width: ;<\/p>\n<p>    }\n<\/style>\n<p>    <span class=\"cwp-coin-widget-container\" data-id=\"ltc-litecoin\" id=\"coin_widget_id_678a2b2c17711\"><\/p>\n<p>        <!-- name of the coin in the text --><br \/>\n        <span class=\"cwp-coin-widget-wrapper\" data-id=\"ltc-litecoin\"><br \/>\n            <span class=\"cwp-coin-widget-holder \" style=\"background: #e0e0e0; \"><br \/>\n                <span class=\"cwp-coin-name\" data-id=\"ltc-litecoin\"><br \/>\n                    <span class=\"cwp-coin-icon \"><img decoding=\"async\" src=\"https:\/\/cryptify-platform-dev.clickoutmedia.tech\/icons\/ltc-litecoin.png\" alt=\"ltc-litecoin icon\" width=\"16px\" height=\"16px\"><\/span><br \/>\n                    <span class=\"cwp-coin-label \"><\/span><br \/>\n                    <span class=\"cwp-coin-symbol hidden\"><\/span><\/p>\n<p>                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-price hidden\"><\/span><br \/>\n                    <\/span><br \/>\n                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-trend \"><\/span><br \/>\n                    <\/span><\/p>\n<p>                <\/span><br \/>\n            <\/span><br \/>\n        <\/span><\/p>\n<p>        <!-- popup with basic info about the coin --><br \/>\n        <span class=\"cwp-coin-popup-wrapper \" data-id=\"ltc-litecoin\" style=\"\"><br \/>\n            <span class=\"cwp-coin-popup-holder\"><br \/>\n                <span class=\"cwp-coin-name\"><br \/>\n                    <span class=\"cwp-coin-icon\"><img decoding=\"async\" src=\"https:\/\/cryptify-platform-dev.clickoutmedia.tech\/icons\/ltc-litecoin.png\" alt=\"ltc-litecoin icon\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-name\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-symbol\"><\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-price\"><br \/>\n                    <span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-price-value\"><\/span><br \/>\n                        <span class=\"cwp-coin-trend-holder\"><br \/>\n                            <span class=\"cwp-coin-trend\"><\/span><br \/>\n                        <\/span><br \/>\n                    <\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-volume\"><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-volume-title\">Trading volume in 24h<\/span><\/p>\n<p>                    <\/span><br \/>\n                    <span class=\"cwp-coin-volume-value\"><\/span><br \/>\n                    <!-- <span class=\"cwp-coin-trend-holder\">\n                        <span class=\"cwp-coin-trend\">?<\/span> \n                    <\/span>                     --><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-chart\"><br \/>\n                    <span class=\"cwp-graph-title\">Last 7d price movement<\/span><br \/>\n                    <span class=\"cwp-graph-container\"><\/span><br \/>\n                <\/span><\/p>\n<p>            <\/span>           <\/p>\n<p>        <\/span><br \/>\n    <\/span><\/p>\n<p> (surprisingly) leading the charge. While Bitcoin has reclaimed $100,000 and Ethereum is struggling to break through $3,500, Litecoin is firm, rising double digits.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Coingecko data <a class=\"general-link\" href=\"https:\/\/www.coingecko.com\/en\/coins\/litecoin\" target=\"_blank\" rel=\"noopener nofollow\">shows<\/a> that LTC is not only consolidating its position above $115 but also continues to make headlines. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Notably, there is a growing possibility of Litecoin becoming the third coin only after Bitcoin and Ethereum<\/span><span data-preserver-spaces=\"true\">\u00a0receive approval for a spot exchange-traded fund (ETF) from the stringent United States Securities and Exchange Commission (SEC).<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Whale Accumulation Fuels LTC Price Rally<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">The LTC price rally is at the back of increasing whale activity over the past week.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On January 16<\/span><span data-preserver-spaces=\"true\">, Santiment data revealed that whales have been doubling, adding 250,000 LTC to their holdings.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/pbs.twimg.com\/media\/GhXwne2XkAARvVt?format=jpg&amp;name=4096x4096\" alt=\"Litecoin is rallying, surging towards $150. The pump follows reports of whale accumulation and spot ETF application\" width=\"3133\" height=\"1758\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/x.com\/santimentfeed\/status\/1879673697298186531\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">This engagement from large-scale investors, many known for their long-term holding strategies (\u201cdiamond hands\u201d), points to their increasing confidence in the coin.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The last time this happened was in early December 2024. It coincided with a period of sharp price expansion that saw LTC spike to as high as $145.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/www.tradingview.com\/x\/RuklC34Z\/\" alt=\"Litecoin is rallying, surging towards $150. The pump follows reports of whale accumulation and spot ETF application\" width=\"1835\" height=\"859\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSDT\/\" target=\"_blank\" rel=\"noopener nofollow\">LTCUSDT<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">Even though prices have since cooled off, buyers have been aggressively defending the $100 level, a crucial support zone that acted as a liquidation level for over two years until November 2024.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Nasdaq Files 19b-4 for Litecoin ETF<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Amid the whale involvement, other news reveals that Nasdaq <\/span><a class=\"general-link\" href=\"https:\/\/listingcenter.nasdaq.com\/assets\/rulebook\/nasdaq\/filings\/SR-NASDAQ-2025-005.pdf\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">filed<\/span><\/a><span data-preserver-spaces=\"true\"> a 19b-4 form with the United States Securities and Exchange Commission (SEC) to list and trade the Canary Litecoin ETF.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/pbs.twimg.com\/media\/GhbTslCXUAAJZhx?format=png&amp;name=900x900\" alt=\"Litecoin is rallying, surging towards $150. The pump follows reports of whale accumulation and spot ETF application\" width=\"888\" height=\"381\"><\/p>\n<p><span data-preserver-spaces=\"true\">This filing marks the official commencement of the regulator\u2019s review of the application, which, if it goes through, could result in the launch of the first spot Litecoin ETF in the United States.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Earlier, an amended S-1 form was submitted by Canary Funds, a crucial milestone in the eagerly awaited process.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Litecoin Gets An ETF!\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/rj2NlrbQubA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">With the 19b-4 filing and the amended S-1 form submitted, the application has now met two critical requirements for SEC approval.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Now, the market awaits the SEC\u2019s decision. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Eric Balchunas, a senior ETF analyst for Bloomberg, is confident. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In a post on X, he said this <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/EricBalchunas\/status\/1879936611506614589\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">filing<\/span><\/a><span data-preserver-spaces=\"true\"> could precede the approval of the first altcoin ETF of 2025.<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cLitecoin ETF now has all the boxes checked. The first altcoin ETF of 2025 is about to be on the clock. <\/span><span data-preserver-spaces=\"true\">I don\u2019t see any reason why this would <\/span><span data-preserver-spaces=\"true\">be withdrawn<\/span> <span data-preserver-spaces=\"true\">either<\/span><span data-preserver-spaces=\"true\"> given<\/span><span data-preserver-spaces=\"true\"> SEC gave comments on the S-1, litecoin <\/span><span data-preserver-spaces=\"true\">is seen<\/span><span data-preserver-spaces=\"true\"> as a commodity <\/span><span data-preserver-spaces=\"true\">and<\/span><span data-preserver-spaces=\"true\"> there\u2019s a new SEC sheriff in town.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">If it goes through,<\/span><span data-preserver-spaces=\"true\"> Litecoin will join Bitcoin and Ethereum as the only coins whose spot ETF shares can freely trade in the United States.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, given <a class=\"general-link\" title=\"Right Now We\u2019re on the Brink of Ethereum Civil War\" href=\"https:\/\/99bitcoins.com\/news\/right-now-were-on-the-brink-of-ethereum-civil-war\/\" target=\"_blank\" rel=\"noopener\">Ethereum\u2019s<\/a> current market performance, <\/span><span data-preserver-spaces=\"true\">it remains to be seen<\/span><span data-preserver-spaces=\"true\"> how LTC price action will evolve.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Why Is Litecoin Striking a Chord With Investors?<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Unlike Ethereum, Litecoin, like Bitcoin, has a capped supply and utilizes a proof-of-work consensus algorithm for transaction confirmation. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Like Bitcoin, Litecoin has not received any venture capital (VC) funding and had a fair launch. The growth of Litecoin <\/span><span data-preserver-spaces=\"true\">is driven<\/span><span data-preserver-spaces=\"true\"> by a community of developers and enthusiasts, which means there has been no funding allocated for marketing. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> gives LTC an advantage over coins that may <\/span><span data-preserver-spaces=\"true\">be classified<\/span><span data-preserver-spaces=\"true\"> as securities.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It&#8217;s going to be whatever it is at this point.<br \/>I don&#8217;t have millions of dollars for PR or marketing. If the CEO&#8217;s of those other chains go to the bathroom it gets covered. <\/p>\n<p>But, I&#8217;ve gotten this far on a fair launch, zero VC&#8217;s, and hardly any exposure. Bring it on, beaches.<\/p>\n<p>\u2014 Litecoin (@litecoin) <a href=\"https:\/\/twitter.com\/litecoin\/status\/1879174412622319703?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 14, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The capped maximum supply and the deflationary model implemented through regular Halvings could make LTC more attractive to institutional investors. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Eventually, as capital flows into the network, activity will spike, possibly lifting prices to new valuations.<\/span><\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/justin-sun-just-dropped-a-new-trx-stablecoin-with-a-20-yield-everything-to-know\/\" target=\"_blank\" rel=\"noopener\">Justin Sun Just Dropped a New TRX Stablecoin With a 20% Yield: Everything to Know<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow nofollow nofollow nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/litecoin-rising-and-whales-are-behind-it-over-250000-ltc-scooped\/\">Litecoin Rising And Whales Are Behind It: Over 250,000 LTC Scooped<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price is rallying, and with LTC price surging towards $150, the pump follows reports of whale accumulation and LTC spot ETF application. The crypto market is firm, with Litecoin Price Trading volume in 24h Last 7d price movement (surprisingly) leading the charge. While Bitcoin has reclaimed $100,000 and Ethereum is struggling to break through [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8208","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8208"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8208\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}