Cardano (ADA) and Litecoin (LTC) Whales Are Accumulating Aggressively, Says Crypto Analytics Firm Santiment

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A leading crypto-analytics firm claims deep-pocketed whales are rapidly accumulating Cardano (ADA) and Litecoin (LTC).

Santiment says Cardano is likely undervalued given the number of whales and sharks catching it.

Is Cardano seriously undervalued at this point? One of the key members of the santimentfeed community certainly sees data supporting this case, such as sharks and whales (holding 100,000-10 million ADA) accumulating aggressively over the past six weeks.

Source: Santiment/Twitter

According to Santiment, there is a divergence between ADA price and accumulation volume, signaling bullish sentiment.

I see a discrepancy between price and whale activity. BULLISH.”

The sale of ADA is also decreasing.

There are signs of seller burnout. With each sharp drop in price, there are fewer and fewer coins moving at a loss. BULLISH.”

Source: Santiment/Twitter

According to Santiment, a volume gap on the daily chart could signal upward movement.

“We are close to closing the volume gap. We can expect serious buying at these levels. BULLISH.

Source: Santiment/Twitter

At the time of writing, ADA is changing hands $0.247.

Santiment’s analysis of Litecoin revealed that the Bitcoin (BTC) alternative’s price ratio continues to rise against the king asset. The price relative to Bitcoin is the amount of Litecoin needed to buy one Bitcoin. The increase in the ratio coincides with an increase in large holders and addresses.

Litecoin’s price ratio against Bitcoin remains strong since large addresses started appearing at historic rates starting in May. Since June 12, the LTC/BTC price ratio is up plus-130%. The network just reached the most 1,000 LTC addresses in two years.

Source: Santiment/Twitter

Litecoin is valued at $66.17 at the time of writing.

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