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Litecoin bucks market trend, gains 10% as whales increase holdings

Litecoin (LTC) has emerged as a leading gainer, with a remarkable 10% increase in the last 24 hours. This movement comes amidst a significant uptick in large holders’ netflow, suggesting strong bullish momentum.

The Relative Strength Index (RSI) for Litecoin is currently at 54.08, indicating moderate buying pressure and potential for further price increases. The Elder-Ray Index has also turned positive, suggesting bullish sentiment, with a target price of $124, unless profit-taking drives it back to $109.81.

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