Litecoin continues to demonstrate resilience despite the overall cryptocurrency market downturn.
Steady Growth of Litecoin
Litecoin showed significant growth in the last 24 hours, increasing by 7.26% to $119.81. This underscores its attractiveness to crypto investors despite a drop to $106.04 earlier. Litecoin’s price is nearing its resistance level of $139, maintaining a strong stance.
Role of Whales in Price Strength
While other cryptocurrencies faced sell pressure, Litecoin’s large holders reduced their activity. On-chain data indicated that whale activity remained positive, with transaction volumes surpassing 2024 levels, indicating network health.
New Record for Litecoin Hash Rate
Litecoin’s hash rate achieved a record high of 2.45 PH/s and continues to rise. This reflects network activity growth and supports stability, while ETF approval expectations add confidence to investors.
Litecoin maintains resilience during a market downturn due to a combination of factors, including large holder stability, high network activity, and ETF approval expectations.
