Litecoin (LTC) has been buzzing with increased activity on its network over the last 24 hours. Interestingly, IntoTheBlock data reveals that those big crypto players, the whales, are making some significant moves. We’re seeing a surge in large transactions involving over $100,000 in LTC as these whales ramp up their trading in the crypto market.

Whale activity surges as Litecoin eyes breakout

The data from IntoTheBlock shows that Litecoin whale transactions have really taken off, spiking by over 4% in just 24 hours. Think about this: a total of 107 million LTC tokens have been moved between different market participants. And get this – the combined value of these massive transactions is sitting at a hefty $9.99 billion.

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This is quite a development, highlighting a renewed interest in Litecoin from these whale investors. While the exact reason for this surge in whale activity isn’t clear, many in the crypto world see increased trading from the big players as a positive sign, potentially indicating bullish momentum for the coin.

These whales could be adding more LTC to their holdings, offloading some of what they already have, or simply capitalizing on the price swings Litecoin has been experiencing.

Right now, as you’re reading this, the price of LTC is trading slightly up – about 0.7% – at $94.10. However, Litecoin is still facing some headwinds, struggling to break free from that downward pressure that’s kept it below $100 since the second week of March 2025.

Market watchers are suggesting that if retail investors jump back in with renewed enthusiasm, it could give the price the boost it needs for a rally. Currently, LTC’s trading volume has dipped by 14.94% to $414.5 million.

Can LTC break its $100 resistance?

Interestingly, some analysts are thinking Litecoin might just be in a period of consolidation before a potential breakout. They’re forecasting a rally that could potentially send the coin soaring to between $130 and $200 if we see an upward trend take hold.

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However, for any of this to happen, Litecoin really needs to overcome that persistent downward pressure and smash through the $100 barrier. Breaking past this key resistance level could be the trigger that sets Litecoin on that predicted upward path.

Adding to the positive vibes, there’s also the growing buzz around exchange-traded funds (ETFs) for altcoins, and Litecoin is in the mix! As U.Today reported, Nate Geraci, President of ETFStore, believes Litecoin is definitely one of the altcoins that regulators could be considering next for ETF approval.