Litecoin Price Forecast: Selling Hits Three‑Month High
Litecoin is trading around $85 on Thursday. This week it’s gained 6%, but recent data show some holders are cashing out. Profit‑taking activity—when investors sell to lock in gains—is at its highest in three months. Activity from wallets that haven’t moved for a long time has jumped, and one big investor (a “whale”) sold about 340,000 LTC. These signs suggest growing selling pressure on the coin.
When holders take profits like this, it usually points to a short‑term slowdown in price. Although Litecoin has bounced recently, this selling could limit further gains. If that pressure continues, the price might stay flat or even dip.
Overall, Litecoin is in a consolidation phase after a small recovery. The increased sell activity means traders are cautious, and the coin might need more buying support before climbing higher again.
Impact:
Selling pressure might keep Litecoin around current levels or push it down slightly. It could bounce if new buyers step in or whale selling slows.