NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Litecoin Whale Withdraws $65.5M In LTC From Binance, Bullish Sign?

Keshav Verma
Keshav Verma
2 years ago
3 mins read
Litecoin Whale

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Data shows a Litecoin whale has withdrawn $65.5 million in LTC from the crypto exchange Binance, a sign that may prove to be bullish for the price of the coin.

A Litecoin Whale Has Taken Out 835.8k LTC From Binance

As per data from the crypto transaction tracker service Whale Alert, two large LTC transfers have been spotted on the chain during the past day.

The first of these Litecoin transactions involved the movement of 73,794 LTC, worth just under $5.8 million at the time of the transfer.

Massive transfers like these usually belong to a single whale, or an entity made up of multiple investors. Depending on the intent behind them, such transactions may have noticeable impacts on the market.

Here are some additional details about the transfer that might shed some light on why it was made:

Litecoin Whale

Looks like the sender had to pay a negligible fee of  0.00004518 LTC for the coins to go through | Source: Whale Alert

As you can see above, the sending address in this case was attached to a wallet associated with the crypto exchange Binance, while the receiver was an unknown address.

Related Reading

Litecoin Price Prediction

Litecoin Price Prediction: Why LTC Could Hit $100 and Outperform Bitcoin

1 year ago

Unknown addresses like these are usually personal wallets, and are unaffiliated with any known centralized platform.

The second Litecoin transaction saw a whopping 762,073 LTC move on the chain, equivalent to $59.8 million according to the exchange rate at the time of the transfer.

Below are the details regarding this transaction.

Litecoin Exchange Outflow

This massive transfer seems to have taken only $0.02 in fees to be possible | Source: Whale Alert

It looks like this transaction also went from the crypto exchange Binance to an unknown wallet, much like the other transfer.

Related Reading

Klaytn (KLAY) and Litecoin (LTC) Gains Will Be Short Lived! Experts Pick Snowfall Protocol (SNW) As The Next 1000x Gainer!

2 years ago

In fact, both these transactions involved the same sending and receiving addresses, implying the same whale might be behind both of these.

Transfers where coins exit the centralized custody of exchanges are called “exchange outflows.” Usually, investors withdraw their coins from these platforms for accumulation purposes.

Hence, large outflows like the ones observed during the past day can be a sign that whales are accumulating, and can therefore be bullish for the price of Litecoin.

LTC Price

At the time of writing, Litecoin’s price floats around $77.5, down 1% in the last week. Over the past month, the crypto has gained 37% in value.

The below chart displays the trend in the price of the coin over the last five days.

Litecoin Price Chart

LTC has been climbing up during the last couple of days after the plunge to $70 | Source: LTCUSD on TradingView
Featured image from James Lee on Unsplash.com, charts from TradingView.com, CryptoQuant.com
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bitcoin

Bitcoin May Surprise Bears: $100K–$110K Range Shows Rising Short Interest

While Bitcoin (BTC) has remained range-bound – trading between $100,000 and $110,000 for about a month – both short and...

Ash Tiwari 1 week ago
Binance

Binance Whale Activity Spikes As Latin America Bets Big On Stablecoins

A sharp rise in big‑holder transfers onto Binance has captured the attention of market watchers. According to data from CryptoQuant,...

Christian Encila 1 week ago
bitcoin

Bitcoin Whales Pull 4,500 BTC From Binance, Hinting At Incoming Rally

Recent on-chain data suggests that Bitcoin (BTC) whales may be preparing for a potential rally, as Binance BTC withdrawals have...

Ash Tiwari 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Litecoin

Litecoin Could Be ‘Just Weeks Away’ From Third-Ever Golden Cross — Expert 

Opeyemi Sule 1 hour ago

Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

Ash Tiwari 1 day ago
Bitcoin

Bitcoin Binance Open Interest Shoots Up: Warning For BTC?

Keshav Verma 2 days ago

Premium Sponsors

Press Releases

  • PEPEの価格が1億5,000万ドルの出来高急増で急騰予測|それでも仮想通貨1000倍の可能性を秘めた新プロジェクトが話題に

    ...

    20 hours ago
  • ビットコインのスケーリングを担う注目トークンが160万ドルを調達──今注目の新しい仮想通貨として買い時か?

    ...

    21 hours ago
  • miner

    AAS Miner Launches Next-Generation Cloud Mining Platform to...

    21 hours ago
  • 残り69時間で締切、7.5百万ドルを調達した注目のビットコイン系トークン──ico 仮想通貨として10倍の上場益に期待?

    ...

    21 hours ago
  • “CICADA Finance Successfully Completes Token Generation...

    21 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.