Litecoin (LTC) demonstrated significant network strength this week, with key on-chain metrics soaring even as the broader cryptocurrency market showed signs of weakness. While Bitcoin briefly dipped below the $100,000 mark, Litecoin registered a record-breaking daily transaction volume, signaling a surge in investor interest and network activity.

Whale Accumulation Fuels Price Rally

According to data from blockchain analytics platform Santiment, Litecoin outperformed most major altcoins, including Ethereum, Solana, and XRP. The rally saw LTC break the $100 resistance level on November 7, climbing from a low of $86.10 to a peak of $104.46 within a 24-hour period—a gain of over 16%.

This upward momentum appears to be driven by large-scale investors, often referred to as whales. The number of wallets holding over 100,000 LTC has increased by more than 6% in the last three months, suggesting a consistent accumulation phase by major players. This increased engagement from large holders contributed to daily on-chain volume reaching a new all-time high (ATH) of $15.1 billion.

At the time of writing, Litecoin’s price has seen a slight correction to $98.86, still marking an 11.26% increase over the past day. Trading volume remains exceptionally high, up by over 190% to $1.73 billion in the same timeframe, indicating that both institutional and retail interest remains strong.

Market Context and Future Outlook

The renewed activity has market participants watching to see if Litecoin can reclaim previous price levels. Just a month ago, in October, LTC was trading above $130. The current accumulation trend suggests investors may be positioning for a potential return to these higher valuations.

Some of the increased volume and interest may also be linked to recent service expansions. Coinbase, a major cryptocurrency exchange, recently broadened its offerings to users in the United Kingdom, with Litecoin featured as a key asset in the expansion. This move could be contributing to the asset’s heightened visibility and trading activity.