$LTC +22% per day. But what’s more interesting is what’s happening inside the network 👇
Today, Litecoin is sharply outperforming most of the major cryptocurrencies.
According to the Litecoin Foundation, in one day more than 17 million LTC have moved through the network — over $1 billion in adjusted economic volume.
This matters because the movement isn’t only visible on the chart: at the same time, there’s high activity within the network itself.
On Binance, you can also see an interesting picture.
In 1 day, buys total about 1.96 million LTC, while sells are 1.84 million LTC.
The difference — about 115 thousand LTC — is in favor of buys.
But there’s an important nuance.
Large orders are almost balanced: roughly 649 thousand LTC in buys versus 644 thousand LTC in sells.
So explaining today’s +22% only by the actions of big players would be too simplistic.
It also doesn’t prove that network activity is what caused today’s rise.
However, right now LTC has it all at the same time: strong price movement + high trading volume + increased network activity + noticeable activity in the margin market.
Next, what’s worth watching: whether this activity will persist after today’s jump, when the first impulse fades.
#LTC #Litecoin
Today, Litecoin is sharply outperforming most of the major cryptocurrencies.
According to the Litecoin Foundation, in one day more than 17 million LTC have moved through the network — over $1 billion in adjusted economic volume.
This matters because the movement isn’t only visible on the chart: at the same time, there’s high activity within the network itself.
On Binance, you can also see an interesting picture.
In 1 day, buys total about 1.96 million LTC, while sells are 1.84 million LTC.
The difference — about 115 thousand LTC — is in favor of buys.
But there’s an important nuance.
Large orders are almost balanced: roughly 649 thousand LTC in buys versus 644 thousand LTC in sells.
So explaining today’s +22% only by the actions of big players would be too simplistic.
It also doesn’t prove that network activity is what caused today’s rise.
However, right now LTC has it all at the same time: strong price movement + high trading volume + increased network activity + noticeable activity in the margin market.
Next, what’s worth watching: whether this activity will persist after today’s jump, when the first impulse fades.
#LTC #Litecoin