• Litecoin whale transactions valued at greater than $1million have surged recently, according to data from the on-chain analytics firm Santiment.
• This surge in whale transactions has led to increased volatility in the price of Litecoin.
• A chart provided by Santiment shows that the whale transaction counts have hit the highest values since December 28th.

Recent data from the on-chain analytics firm Santiment has revealed that Litecoin’s whale transactions valued at greater than $1million have surged recently. This surge in whale transactions has led to increased volatility in the price of Litecoin.

Whale transactions are defined as transfers of large amounts of cryptocurrency on the blockchain. When a large amount of coins is involved in a transfer, it can sometimes have noticeable effects on the market. As a result, when the indicator’s value is high, LTC is likely to see more volatility than usual.

To better understand this trend, Santiment has provided a chart that shows the trend in the Litecoin whale transaction counts over the last few months. This chart shows that the whale transaction count has recently spiked and hit the highest values observed since December 28. This would suggest that whales have become active again.

The surge in Litecoin whale transactions is a positive sign for the crypto as it suggests that there is an increasing demand for the asset. Furthermore, it indicates that larger investors are confident in the long-term potential of the coin. This could potentially lead to a rise in the price of the cryptocurrency.

It is important to note, however, that the price of Litecoin is still highly volatile and unpredictable. As such, investors should always do their own research and make sure to only invest what they can afford to lose. Nevertheless, it is encouraging to see that the whale transaction count is at its highest level since December.