Litecoin (LTC) Jumps 29%, Here’s What Propelled This Surge

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Litecoin (LTC) Jumps 29%, Here’s What Propelled This Surge
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.litecoin pushed up 29%, santimentfeed reveals likely reason. $LTC

According to the analytics team of the company, over the past 14 days, large wallets have been grabbing a massive amount of Litecoin — $42.4 million worth of LTC. The accumulating wallets contain between 1,000 and 100,000 Litecoin.

This was “the key to watch” for the price surge of LTC above the level of $80 per coin for the first time since May. By now, the price has gone down a little, sitting at $78.77. At the start of the year, “digital silver” — as LTC is widely known in the crypto community — was changing hands at the $150 level, since then having dropped by more than 50%.

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