{"id":518115,"date":"2023-02-01T00:00:09","date_gmt":"2023-02-01T00:00:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=518115"},"modified":"2023-02-01T06:49:09","modified_gmt":"2023-02-01T06:49:09","slug":"data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/","title":{"rendered":"Data Suggests Sharks Were Behind Litecoin\u2019s 89% Rise To $97, But What About Now?"},"content":{"rendered":"

Litecoin (LTC) has seen one of the highest rallies among the top 20 largest cryptocurrencies, jumping over 89% since the market crash following the FTX collapse. While there are a number of factors that could\u2019ve prompted this news, on-chain data suggests that sharks are the likely culprit.<\/p>\n

Sharks Holding 100-10,000 Coins Went On A Feeding Frenzy<\/h2>\n

According to a Sentiment report<\/a>, the sharks may be the ones behind the upward rally that Litecoin has embarked on in the last two months. It shows that these shark addresses holding between 100-10,000 LTC on their accounts went on a massive accumulation trend that saw them add a reasonable portion of supply to their holdings.<\/p>\n

Related Reading: U.S. Institutions Are Driving Bitcoin Prices, Matrixport Research<\/a><\/div>\n

Santiment reveals that in the two-month period, these addresses accumulated 1.15 million LTC. This works out to around a 4.92% increase in their holdings and 0.5% of the total LTC supply. As the image below shows, there was a significant uptick around this point coinciding with the increase in the price of the digital asset.<\/p>\n

\"Litecoin<\/p>\n

LTC sharks accumulate in two months | Source: Santiment<\/a><\/pre>\n
The accumulation trend continued into January 2023 when LTC\u2019s price movement had ramped up. Thus, this shows that while accumulation by sharks may not have been the main driver of the price rally, they may have played a significant role.<\/p>\n
Further movements point toward these shark addresses having an effect on the price. Like the chart shows, there has been some profit-taking after LTC hit its local peak of $97 and this profit-taking coincided with the price of the cryptocurrency falling back down to the $94 level.<\/p>\n
Will Litecoin Continue To Rally From Here?<\/h2>\n
Despite the sharks taking profit on their Litecoin buys over the last two months, the bull case for LTC is still not destroyed. The chart shows that even these large investors are still holding on to a good portion of the coins accumulated over the last two months. As long as there is still a large gap between what was accumulated and what is being sold, the price of LTC can be expected to hold up.<\/p>\n
It is also important to note that 2023 is an important year for Litecoin. A lot of the bullish sentiment around it has originated from the expectations surrounding the Litecoin halving. Litecoin, which works similarly to bitcoin, is about to reduce its block reward once more, reducing the number of coins going into circulation, and triggering FOMO (fear of missing out).<\/p>\n
\u00a0\"Litecoin<\/p>\n
LTC halving happening in 2023 | Source: Coinwarz<\/a><\/pre>\n
The halving is expected to take place in early August which puts it about six months away. But already, positive sentiment is already ramping up, contributing to the price increase that the coin has recorded.<\/p>\n
Related Reading: Bitcoin Mining Difficulty Touches New ATH Following 4.68% Adjustment<\/a><\/div>\n
Perhaps the most important thing is the fact that LTC is currently trading at almost 50% above its 100-day and 200-day moving averages. This suggests that despite the market drawdown, the LTC price is likely to hold at the $90 support.\u00a0<\/span><\/p>\n
\"Litecoin<\/p>\n
LTC price retraces to $93.75 | Source: LTCUSD on TradingView.com<\/a><\/pre>\n
Follow Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from The Coin Republic, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Litecoin (LTC) has seen one of the highest rallies among the top 20 largest cryptocurrencies, jumping over 89% since the market crash following the FTX collapse. While there are a number of factors that could\u2019ve prompted this news, on-chain data suggests that sharks are the likely culprit. Sharks Holding 100-10,000 Coins Went On A Feeding Frenzy According to a Sentiment report, the sharks may be the ones behind the upward rally that Litecoin has embarked on in the last two months. It shows that these shark addresses holding between 100-10,000 LTC on their accounts went on a massive accumulation trend that saw them add a reasonable portion of supply to their holdings. Related Reading: U.S. Institutions Are Driving Bitcoin Prices, Matrixport Research Santiment reveals that in the two-month period, these addresses accumulated 1.15 million LTC. This works out to around a 4.92% increase in their holdings and 0.5% of the total LTC supply. As the image below shows, there was a significant uptick around this point coinciding with the increase in the price of the digital asset. LTC sharks accumulate in two months | Source: Santiment The accumulation trend continued into January 2023 when LTC\u2019s price movement had ramped up. Thus, this shows that while accumulation by sharks may not have been the main driver of the price rally, they may have played a significant role. Further movements point toward these shark addresses having an effect on the price. Like the chart shows, there has been some profit-taking after LTC hit its local peak of $97 and this profit-taking coincided with the price of the cryptocurrency falling back down to the $94 level. Will Litecoin Continue To Rally From Here? Despite the sharks taking profit on their Litecoin buys over the last two months, the bull case for LTC is still not destroyed. The chart shows that even these large investors are still holding on to a good portion of the coins accumulated over the last two months. As long as there is still a large gap between what was accumulated and what is being sold, the price of LTC can be expected to hold up. It is also important to note that 2023 is an important year for Litecoin. A lot of the bullish sentiment around it has originated from the expectations surrounding the Litecoin halving. Litecoin, which works similarly to bitcoin, is about to reduce its block reward once more, reducing the number of coins going into circulation, and triggering FOMO (fear of missing out). \u00a0 LTC halving happening in 2023 | Source: Coinwarz The halving is expected to take place in early August which puts it about six months away. But already, positive sentiment is already ramping up, contributing to the price increase that the coin has recorded. Related Reading: Bitcoin Mining Difficulty Touches New ATH Following 4.68% Adjustment Perhaps the most important thing is the fact that LTC is currently trading at almost 50% above its 100-day and 200-day moving averages. This suggests that despite the market drawdown, the LTC price is likely to hold at the $90 support.\u00a0 LTC price retraces to $93.75 | Source: LTCUSD on TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from The Coin Republic, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":518121,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16897],"tags":[10,2785,87618,2828,2831],"class_list":["post-518115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-litecoin","tag-litecoin-price","tag-litecoin-sharks","tag-ltc","tag-ltcusd"],"acf":[],"yoast_head":"\nData Suggests Sharks Were Behind Litecoin\u2019s 89% Rise To $97, But What About Now?<\/title>\n<meta name=\"description\" content=\"Litecoin (LTC) has seen one of the highest rallies among the top 20 largest cryptocurrencies, jumping over 89% since the market crash following the FTX\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Data Suggests Sharks Were Behind Litecoin\u2019s 89% Rise To $97, But What About Now?\" \/>\n<meta property=\"og:description\" content=\"Litecoin (LTC) has seen one of the highest rallies among the top 20 largest cryptocurrencies, jumping over 89% since the market crash following the FTX\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-01T00:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-01T06:49:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Best Owie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/BestOwie\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Best Owie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/\"},\"author\":{\"name\":\"Best Owie\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\"},\"headline\":\"Data Suggests Sharks Were Behind Litecoin\u2019s 89% Rise To $97, But What About Now?\",\"datePublished\":\"2023-02-01T00:00:09+00:00\",\"dateModified\":\"2023-02-01T06:49:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/\"},\"wordCount\":523,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg?fit=1920%2C1080\",\"keywords\":[\"Litecoin\",\"litecoin price\",\"Litecoin Sharks\",\"ltc\",\"ltc\/usd\"],\"articleSection\":[\"Litecoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/\",\"url\":\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/\",\"name\":\"Data Suggests Sharks Were Behind Litecoin\u2019s 89% Rise To $97, But What About Now?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg?fit=1920%2C1080\",\"datePublished\":\"2023-02-01T00:00:09+00:00\",\"dateModified\":\"2023-02-01T06:49:09+00:00\",\"description\":\"Litecoin (LTC) has seen one of the highest rallies among the top 20 largest cryptocurrencies, jumping over 89% since the market crash following the FTX\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg?fit=1920%2C1080\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg?fit=1920%2C1080\",\"width\":1920,\"height\":1080,\"caption\":\"Litecoin (LTC)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Data Suggests Sharks Were Behind Litecoin\u2019s 89% Rise To $97, But What About Now?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\",\"name\":\"Best Owie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"caption\":\"Best Owie\"},\"description\":\"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/BestOwie\"],\"url\":\"https:\/\/uniquehot.com\/author\/owiebest\/\"}]}<\/script>\n","yoast_head_json":{"title":"Data Suggests Sharks Were Behind Litecoin\u2019s 89% Rise To $97, But What About Now?","description":"Litecoin (LTC) has seen one of the highest rallies among the top 20 largest cryptocurrencies, jumping over 89% since the market crash following the FTX","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/","og_locale":"en_US","og_type":"article","og_title":"Data Suggests Sharks Were Behind Litecoin\u2019s 89% Rise To $97, But What About Now?","og_description":"Litecoin (LTC) has seen one of the highest rallies among the top 20 largest cryptocurrencies, jumping over 89% since the market crash following the FTX","og_url":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-02-01T00:00:09+00:00","article_modified_time":"2023-02-01T06:49:09+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg","type":"image\/jpeg"}],"author":"Best Owie","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/BestOwie","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Best Owie","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/"},"author":{"name":"Best Owie","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d"},"headline":"Data Suggests Sharks Were Behind Litecoin\u2019s 89% Rise To $97, But What About Now?","datePublished":"2023-02-01T00:00:09+00:00","dateModified":"2023-02-01T06:49:09+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/"},"wordCount":523,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg?fit=1920%2C1080","keywords":["Litecoin","litecoin price","Litecoin Sharks","ltc","ltc\/usd"],"articleSection":["Litecoin"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/","url":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/","name":"Data Suggests Sharks Were Behind Litecoin\u2019s 89% Rise To $97, But What About Now?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg?fit=1920%2C1080","datePublished":"2023-02-01T00:00:09+00:00","dateModified":"2023-02-01T06:49:09+00:00","description":"Litecoin (LTC) has seen one of the highest rallies among the top 20 largest cryptocurrencies, jumping over 89% since the market crash following the FTX","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg?fit=1920%2C1080","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg?fit=1920%2C1080","width":1920,"height":1080,"caption":"Litecoin (LTC)"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Data Suggests Sharks Were Behind Litecoin\u2019s 89% Rise To $97, But What About Now?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d","name":"Best Owie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","caption":"Best Owie"},"description":"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Data Suggests Sharks Were Behind Litecoin\u2019s 89% Rise To $97, But What About Now?","url":"http:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/litecoin\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg?fit=1920%2C1080"},"articleSection":"Litecoin","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["litecoin","litecoin price","litecoin sharks","ltc","ltc\/usd"],"dateCreated":"2023-02-01T00:00:09Z","datePublished":"2023-02-01T00:00:09Z","dateModified":"2023-02-01T06:49:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Data Suggests Sharks Were Behind Litecoin\\u2019s 89% Rise To $97, But What About Now?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/litecoin\\\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/litecoin\\\/data-suggests-shark-were-behind-litecoins-89-rise-to-97-but-what-about-now\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Litecoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Litecoin.jpeg?fit=1920%2C1080\"},\"articleSection\":\"Litecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"litecoin\",\"litecoin price\",\"litecoin sharks\",\"ltc\",\"ltc\\\/usd\"],\"dateCreated\":\"2023-02-01T00:00:09Z\",\"datePublished\":\"2023-02-01T00:00:09Z\",\"dateModified\":\"2023-02-01T06:49:09Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Litecoin.jpeg?fit=1920%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/518115"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=518115"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/518115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/518121"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=518115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=518115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=518115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}