"Litecoin Whales Accumulate 1M Tokens Amid ETF Hopes; Price Targets $143"

Litecoin whales have been on a buying spree, accumulating nearly 1 million tokens over the past two weeks, according to renowned crypto analyst Ali Martinez. This significant purchase comes amid the latest ETF advancement, with Canary Capital's LTC ETF recently appearing on the Depository Trust & Clearing Corporation (DTCC) platform. The market has responded with substantial optimism, underscoring heightened buying pressure despite broader market turbulence.

Crypto whales, large-scale investors with considerable trading experience, have been actively accumulating Litecoin tokens. Their trade maneuvers surface as bullish news, underlining market confidence in the token's potential to gain on the back of recent developments. The latest ETF development for the token has solidified hopes of an approval ahead, with renowned ETF analyst Eric Balchunas anticipating a 90% chance of approval in 2025.

Despite the massive buying, LTC price tanked over 5% on Saturday, closing in at $128.13. The coin hit a bottom and peak of $123.93 and $139.86 in the past 24 hours, with a 3% drop on the weekly chart. This waning action primarily falls in line with the broader crypto market volatility. However, renowned crypto trader Carl Moon took to X, revealing that a $143 price target looms for the token. As per Carl, LTC is forming a bullish flag on lower timeframes, signaling an uptrend ahead. The significant buying pressure brought by Litecoin whales further supports this bullish prediction.

The crypto market is abuzz with optimism as investors eye the potential gains ahead, fueled by recent ETF developments and strong whale support. Traders and investors are closely monitoring the token, reflecting a bullish sentiment amid the latest advancements in the crypto market.