- Litecoin bulls made a comeback to the 0.5 and 0.618 Fibonacci range.
- On-chain data revealed that whales are accumulating LTC.
Litecoin (LTC) is attempting a new bullish recovery. This follows an overall bearish performance in December, and the stock could be poised for a significant rally thanks to whale activity.
As a reminder, LTC fell from its December high of $147 to a low of $86.69. This equates to a drop of 40.75%.
However, the price consolidated between $96 and $105, which is within the 0.5 and 0.618 Fibonacci range during the pullback.
Source: TradingView
Litecoin had a price of $105.85 at the time of writing after bouncing into the green over the past four days. But can Litecoin’s native cryptocurrency maintain the same momentum above its 2024 highs?
It would need to rebound by more than 38% to return to the December peak.
However, this may not be an exaggeration, given the renewed interest from whales.
LTC finds favor with whales
Litecoin on-chain statistics revealed that whales bought Litecoin’s recent decline. The group held around 7.44 million LTC at the start of December, or 9.79% of the total supply.
Whale balances reached 9.06 million LTC, an increase of 11.91% as of December 30.
Source: In the block
The investor category declined slightly from 29.8 million LTC at the beginning of December to 28.31 million LTC at the end of the month.
Meanwhile, retail sales increased slightly from 38.64 million pieces to 38.67 million pieces during the same period.
Large Holder Flows concluded 2024 with a 65% increase in inflows over the past seven days. Inflows from large holders peaked at 435,260 LTC on December 31, while outflows were significantly lower at 117,340 LTC.
Source: In the block
The large holder flows reflect the bullish outcome of recent days, indicating that whales were at the forefront of the rally.
Strong demand could put the cryptocurrency on track for a bullish first week of January, and it could also highlight LTC’s outlook for 2025.
Funding Rates also confirmed good activity in the derivatives segment. There has been a notable increase in positive LTC funding rates over the past three days.
Source: In the block
Read Litecoin (LTC) Price Forecast 2025-2026
Volume increased by 11.40% to $596.94 million over the past 24 hours, indicating renewed interest in Litecoin. This was also supported by a 2.12% rise in open interest to $439.10 million.
Recent activity around LTC reveals that it has had a bullish start to 2025 and could potentially be poised for another significant rise.
