Is Litecoin Price Finally Ready for A Bull Run?

Litecoin price has been in a period of consolidation, with futures market open interest remaining subdued despite a rise in activity from large holders, often referred to as whales.

The coin is currently trading around $61, a level it has hovered at for the past two weeks. This price represents a 27% recovery from its August low, though it remains 44% below its highest point of the year.

As of writing, LTC price was up only 1% to $60,73, with its trading volume soaring 4.81% from yesterday. In addition, a recent Litecoin price prediction shows that the crypto could hit $70,97 by the end of the year. The movement in the price has mirrored that of Bitcoin, which surged to an all-time high of $73,800 in March before dropping to $49,000 in August. Bitcoin is now trading around $54,000.

Data from Santiment shows a notable uptick in whale purchases of this famous altcoin over recent weeks, suggesting that large investors are taking advantage of the lower prices. Additionally, the platform has reported a surge in social media mentions for Litecoin, indicating growing interest in the asset.