Litecoin (LTC) has seen a modest 4% increase in price from $79.50 to $83 since the beginning of May. However, this growth pales in comparison to the 15.1% rise in the TOTAL Cap chart, which tracks the overall market capitalization of all cryptocurrencies.
Despite Litecoin’s lackluster performance, recent on-chain data reveals that whale investors have been pouring in $80 million into LTC in anticipation of a potential price breakout. These large volume purchases by whale wallets, holding at least 10,000 LTC, suggest a bullish sentiment towards Litecoin’s future price movement.
Overall, while Litecoin may have been underperforming in terms of price action, the influx of investment from whale investors indicates a growing interest in the cryptocurrency and a potential for a significant price surge in the near future.