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Litecoin (LTC) Whales Push Exchange Inflows Amid Price Drop

2 mins
Updated by Ryan Boltman
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In Brief

  • Litecoin (LTC) has seen a significant increase in large-holder coin flow to exchanges in the last week.
  • LTC whales are preparing to sell their tokens to prevent further losses.
  • The MACD indicator supports the bearish trend, suggesting continued selling pressure, which could push LTC's price down to $63.98.
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Litecoin (LTC) has witnessed a significant uptick in large-holder coin flow to exchanges in the last week.

This is due to the steady fall in the coin’s value and large holders’ desire to prevent further losses. As of this writing, LTC trades at $65.73, falling by almost 15% in the past seven days.

Litecoin Whales Sell Their Holdings 

Litecoin’s (LTC) non-stop price decline in the past few weeks has caused some of its large holders to send their coins to cryptocurrency exchanges.

On-chain data show that the coin’s large holder netflow has surged by over 464% in the last seven days. 

Litecoin Large Holders Netflow
Litecoin Large Holders Netflow. Source: IntoTheBlock

This metric measures the net amount of tokens that large holders transfer into or out of exchanges. When it surges, more tokens are being transferred from large holders’ wallets to exchanges. This indicates that this cohort of investors is preparing to sell their tokens. This could result in an increase in selling pressure and further price decline.

On the other hand, when the metric declines, it suggests that large holders are withdrawing their tokens from exchanges, possibly to hold them for a longer term. This is sometimes due to market uncertainty or them simply waiting for a better opportunity to enter new positions.

Assessing LTC’s financial statistics explains why its large holders have been selling. Currently, 5.93 addresses, 72% of all LTC holders, are “out of the money.”

An address is considered out of the money if the current market price of an asset is lower than the average cost at which the address purchased the tokens it currently holds.

Conversely, 2.08 million addresses, representing 25% of all LTC  holders, hold their coins at a profit. 

Read More: Litecoin: A Complete Guide to What it is And How it Works

Litecoin Global In/Out of the Money
Litecoin Global In/Out of the Money. Source: IntoTheBlock

The steady decline in LTC’s price will lead to an uptick in the number of investors holding at a loss. Therefore, to prevent investment losses, LTC whales have intensified profit-taking activity.

LTC Price Prediction: The “Nays” Have it

Readings from LTC’s Moving average convergence/divergence (MACD) indicator confirm the bearish bias toward the altcoin. Traders use this indicator to gauge price trends, momentum, and potential buying and selling opportunities in the market. 

As of this writing, LTC’s MACD (blue) rests below its signal (orange) and zero lines. When an asset’s MACD is set up this way, it is a bearish sign that suggests that selling activity outweighs buying momentum. 

If this trend continues, LTC’s price may drop to $63.98.

Litecoin Analysis

Litecoin Analysis. Source: TradingView

However, if market sentiment shifts from bearish to bullish, it may drive the coin’s value up toward $68.60.



In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Abiodun Oladokun
Abiodun Oladokun is a technical and on-chain analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), Layer 2s, and meme coins. Previously, he conducted market analysis and technical assessments of various altcoins at AMBCrypto, utilizing on-chain analytics platforms like Messari, Santiment,...