Litecoin

<ul><li>LTC has increased by 10% since the beginning of April.</li><li>Litecoin whales have invested over $200 million since February.</li><li>LTC could reach $110 before a pullback.</li></ul>In April, Litecoin’s price increased by 10%, testing $100 for the first time since February 15. Chain data from Litecoin miners and whales, who pulled back the February rally by 30% at $102, suggests that the current bull run could go even further. Will LTC break the $110 resistance?The Litecoin team announced a series of major product updates on April 10. By April 14, the markets had responded positively to the announcement, increasing LTC’s price by 8%. Chain data shows that a wave of accumulation between Litecoin miners and crypto whales is the main driving force behind the current bull rally.<h2 id="header-0">Litecoin Miners Prepare for a Rise!</h2>After a short selling wave in March due to rising costs, Litecoin miners have recently accumulated a significant portion of block rewards. According to the blockchain platform IntoTheBlock, Litecoin miners began accumulating reserves from March 28.The following chart shows that miners added 1.11 million LTC to their reserves between March 28 and April 12.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/23cd8a7ae6d94d88a4b2dcc16f4dc22c.png" />Litecoin Miner ReservesWhen miners avoid selling block rewards, it implies that they are taking positions for future price gains. And with the halving event of Litecoin, which will take place in less than 120 days, miners will likely approach their LTC reserves more carefully.According to Santiment, crypto whales holding between 1 million and 10 million LTC have continued to accelerate their accumulation frenzy that began in February.The following chart shows that whales added 2.37 million LTC between February 3 and April 13.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/f02c6a46b25f43009809cfd9894b16ac.png" />Litecoin Price vs. Amount in Whales’ WalletsWith a current market value of $98, the newly added LTC tokens are worth over $230 million. If crypto whales continue to accumulate, LTC could soon break the $100 price barrier.Continue Reading: <a href="https://en.coinotag.com/litecoin-ltc-miners-prepare-for-a-rise/" rel="noopener noreferrer nofollow">https://en.coinotag.com/litecoin-ltc-miners-prepare-for-a-rise/</a>

Litecoin (LTC) Miners Prepare for a Rise!

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