Litecoin’s Price Surges Past $100 as On-Chain Volume Reaches New Heights

Litecoin (LTC) appears to be making significant strides as it recovers past the $100 mark, following strong indicators of on-chain activity and increased whale participation. While bullish sentiment is present amidst this uptick, caution remains important due to underlying market pressures and profit-taking tendencies.

Key Takeaways

Litecoin (LTC) has reclaimed the psychological level of $100 for the first time since the market crash on October 10.
The altcoin is trading at around $109, driven by a recent surge in Bitcoin's (BTC) price.
On-chain metrics indicate a rise in whale activity, with a notable increase in wallets holding over 100,000 LTC.
Daily on-chain volume reached a historic high of $15.1 billion, suggesting potential for further price growth.
However, there are warnings about profit-taking activity and a need for caution regarding LTC’s current rally.

Litecoin's price reclaims $100 after on-chain volume hits record highs - Details!

Is a Litecoin Recovery on the Horizon?

A recent post on Santiment Insights highlighted that the number of LTC whales has increased, indicating a positive trend among significant holders. Additionally, there has been a 6% rise in the number of wallets containing more than 100,000 LTC in the last three months, signaling accumulation among large investors.

The altcoin's on-chain volume has surged to a record daily high of $15.1 billion. This combination of whale interest and heightened on-chain activity could suggest that Litecoin's price rally still has the potential for further growth.

Litecoin Santiment

However, other on-chain metrics are indicating some caution. Current movements might encounter selling pressure as profit-taking could be on the horizon, particularly considering that the 180-day Market Value to Realized Value (MVRV) ratio has entered positive territory for the first time since the October 10 crash. Furthermore, the mean coin age has seen a substantial decline towards the end of October, indicating that there may not be widespread accumulation. Instead, the trend appears to be more neutral than bullish, and a recent drop below $90 triggered a wave of panic selling.

This data raises questions about the strength of the current bullish sentiment. Notably, development activity has remained stagnant since early September, which adds to the ambiguity of the trend.

LTC 1-day Chart

Source: LTC/USDT on TradingView

Lastly, according to the Fixed Range Volume Profile for 2025, the Value Area High and Low for LTC are identified at $131.85 and $94.90, respectively, while the Point of Control is marked at $118.20. These figures are crucial horizontal levels that traders should monitor closely as they navigate the current market.

In summary, while Litecoin's market structure appears bullish with above-average buying activity in recent days, price resistance between $118 and $132 poses a significant challenge. Therefore, it may be wise for traders and investors to maintain a cautious stance as they assess the sustainability of LTC's recent upward trend.