As of February 22, 2025, Litecoin (LTC) is trading at approximately $128.09, reflecting a decrease of 5.93% from the previous close.
Recent on-chain data indicates a significant increase in large transactions, commonly referred to as "whale" activity. Between February 3 and February 19, 2025, institutional investors have accumulated approximately 4.68 million LTC, valued at over $500 million. This surge in accumulation suggests that major stakeholders are positioning themselves ahead of a potential Litecoin Exchange-Traded Fund (ETF) approval.
Additionally, the average transaction size on the Litecoin network has risen by 35% within a week, increasing from $45,190 on February 8 to $60,974 by February 19. This uptick reflects heightened liquidity and the entry of deep-pocketed investors into the market.
In summary, the combination of increased whale activity and larger average transaction sizes indicates growing institutional interest in Litecoin, potentially driven by the anticipation of ETF approval. Investors should conduct thorough research and consider market volatility before making investment decisions.
