{"id":373320,"date":"2025-02-22T16:58:31","date_gmt":"2025-02-22T11:28:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/litecoin-whales-on-buying-spree-sack-930k-coins-amid-ltc-etf-buzz-whats-next-crypto-news\/"},"modified":"2025-02-22T17:02:29","modified_gmt":"2025-02-22T11:32:29","slug":"litecoin-whales-on-buying-spree-sack-930k-coins-amid-ltc-etf-buzz-whats-next-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/litecoin-whales-on-buying-spree-sack-930k-coins-amid-ltc-etf-buzz-whats-next-crypto-news\/","title":{"rendered":"Litecoin Whales On Buying Spree Sack 930K Coins Amid LTC ETF Buzz, What&#8217;s Next? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Litecoin whales have shaken the crypto market to its core on Saturday, embarking on a massive buying spree amid the latest ETF advancement. Renowned crypto analyst Ali Martinez revealed that these whales accumulated nearly 1 million tokens over the past two weeks. Investors are eyeing this as a highly bullish event, given that the market has also seen Canary Capital\u2019s LTC ETF on the Depository Trust &#038; Clearing Corporation (DTCC) recently.<\/p>\n<h2>Litecoin Whales Buy Heavily, Investors Bullish Amid ETF Development<\/h2>\n<p>According to an <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/ali_charts\/status\/1893222195104465222\" target=\"_blank\">X post<\/a> by Ali Martinez on February 22, Litecoin whales acquired 930,000 tokens in the past two weeks. This data reverberated substantial market optimism for the crypto, underscoring heightened buying pressure despite the broader market turbulence.<\/p>\n<figure id=\"attachment_240404\" aria-describedby=\"caption-attachment-240404\" style=\"width: 652px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-240404\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.45\u202fPM.png\" alt=\"Litecoin Whales \" width=\"652\" height=\"287\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.45\u202fPM.png 1388w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.45\u202fPM-300x132.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.45\u202fPM-1224x540.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.45\u202fPM-768x339.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.45\u202fPM-150x66.png 150w\" sizes=\"auto, (max-width: 652px) 100vw, 652px\"\/><\/noscript><figcaption id=\"caption-attachment-240404\" class=\"wp-caption-text\">Source: Ali Charts, X<\/figcaption><\/figure>\n<p>Notably, crypto whales are large-scale investors with considerable trading experience in the market. Their trade maneuver to accumulate coins surfaces as bullish news, underlining market confidence in the token\u2019s potential to gain on the back of recent developments.<\/p>\n<h2>Canary Capital\u2019s ETF Emerges On DTCC<\/h2>\n<p>The latest ETF development for the token has solidified hopes of an approval ahead. CoinGape reported that <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/will-litecoin-etf-advancements-push-ltc-price-above-200\/\" target=\"_blank\" rel=\"noopener\">Canary\u2019s LTC ETF appeared<\/a> on the DTCC platform under the ticker LTCC this week. This saga has solidified investor bullishness as an exchange-traded product backed by the crypto may be available soon.<\/p>\n<p>Also, renowned ETF analyst Eric Balchunas further anticipated that there is a 90% chance of approval in 2025. The Litecoin whale accumulations amid this bullish event have further boosted the coin\u2019s market sentiment, indicating potential gains ahead.<\/p>\n<h2>LTC Price Eyes Rally?<\/h2>\n<p>However, despite the massive buying, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/litecoin\/\" target=\"_blank\" rel=\"noopener\">LTC price<\/a> tanked over 5% on Saturday, closing in at $128.13. The coin hit a bottom and peak of $123.93 and $139.86 in the past 24 hours. The weekly chart for the token also illustrated a 3% drop. This waning action primarily falls in with the broader crypto market volatility.<\/p>\n<p>Nevertheless, renowned crypto trader Carl Moon took to X, revealing that a $143 price target looms for the token. As per Carl, LTC is forming a bullish flag on lower timeframes, signaling an uptrend ahead. The significant buying pressure brought by Litecoin whales further supports this bullish prediction.<\/p>\n<figure id=\"attachment_240403\" aria-describedby=\"caption-attachment-240403\" style=\"width: 650px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-240403\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Litecoin (LTC) price\" width=\"650\" height=\"377\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.05\u202fPM.png 1390w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.05\u202fPM-300x174.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.05\u202fPM-1224x710.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.05\u202fPM-768x445.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.05\u202fPM-150x87.png 150w\" data-lazy-sizes=\"(max-width: 650px) 100vw, 650px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.05\u202fPM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-240403\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.05\u202fPM.png\" alt=\"Litecoin (LTC) price\" width=\"650\" height=\"377\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.05\u202fPM.png 1390w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.05\u202fPM-300x174.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.05\u202fPM-1224x710.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.05\u202fPM-768x445.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-22-at-4.38.05\u202fPM-150x87.png 150w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\"\/><\/noscript><figcaption id=\"caption-attachment-240403\" class=\"wp-caption-text\">Source: Carl Moon, X<\/figcaption><\/figure>\n<p>Crypto market traders and investors thoroughly monitor the token, reflecting optimism amid recent ETF developments and strong whale support.<\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new wp_new\" aria-label=\"whatsapp\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/litecoin-whales-on-buying-spree-sack-930k-coins-amid-ltc-etf-buzz-whats-next\/\" target=\"_blank\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new tw_new_logo\" aria-label=\"Twitter\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/litecoin-whales-on-buying-spree-sack-930k-coins-amid-ltc-etf-buzz-whats-next\/\" target=\"_blank\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; 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Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>Coingape Staff  <\/p>\n<\/p><\/div>\n<p>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-important-highlights-from-the-recent-fed-meeting\/?utm_source=post&utm_medium=web-story\" target=\"_blank\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" 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Renowned crypto analyst Ali Martinez revealed that these whales accumulated nearly 1 million tokens over the past two weeks. Investors are eyeing this as a highly bullish event, given that the market [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":373325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-373320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/373320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=373320"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/373320\/revisions"}],"predecessor-version":[{"id":373327,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/373320\/revisions\/373327"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/373325"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=373320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=373320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=373320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}