"Litecoin Whale Stir: Major Price Shakeup Looms?"

Litecoin Whale Activity Explodes: Major Price Swing Incoming?

Litecoin (LTC), once a leading altcoin, has been facing challenges due to network inactivity. Despite its quick transaction processing and low fees, the project's lack of recent updates has hindered its ability to compete with newer Layer 1 and Layer 2 projects. This stagnation has led to a significant decline in Litecoin's price, with the token experiencing a nearly 20% drop from its peak earlier this year. Additionally, on-chain metrics indicate a decrease in Litecoin's hash rate, which has fallen from a weekly high of 1.94 TH/s to 1.83 TH/s. Currently priced at approximately $120.62, Litecoin (LTC) has seen a 5% decrease over the past week, trading 71% below its all-time high with a significant price volatility of 8.19% in the last 30 days.

Meanwhile, Cardano (ADA), another established altcoin, is actively working to stay abreast of the latest crypto developments through upgrades. Over the past two weeks, Cardano's price has surged by over 7%, reaching its current level of $0.99. This price increase was spurred by the announcement of the Plomin hard fork, which brings new governance structures and enhanced network capabilities to ADA. Officially approved by Input Output Global (IOG), this upgrade marks a significant milestone that could influence Cardano's price trajectory. Despite interest in Cardano's potential price growth, investors are concerned about ADA's slow transaction speeds, especially as they look to AI altcoins known for their scalability. Nevertheless, ADA specialists forecast a potential 114% increase in Cardano's price by mid-February if the Plomin upgrade is successful.

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