Litecoin’s native token, LTC, started April positively after a mixed performance in March. However, strong resistance at $100 and an industry-wide altcoin market correction have seen LTC drop 10% in recent days. Despite this, strong on-chain fundamentals and high demand from strategic investors indicate that a rebound is likely imminent. The order books of various leading crypto exchanges show that Litecoin is in high demand, with an excess of buy-orders and only 276,000 sell-orders available. This mismatch between market supply and demand is a bullish signal that buyers may be willing to pay a premium price to acquire LTC, potentially leading to a price uptrend in the coming days.
Additionally, real-time data shows that a group of “whales” who hold balances of 100,000 to 1 million LTC have started buying again after selling since Litecoin first crossed $90 in January 2023. This buying activity signals growing confidence among institutional and high-net-worth investors, who may be positioning for positive future price movements. If this pattern continues, Litecoin is likely to experience price gains soon. However, LTC faces initial resistance at around $94, and the bears may stay in control if it slips below $86.
