Is Litecoin really on its way up, or is the hype machine going out of control

ambcrypto.com:

As far as cryptocurrencies go, Litecoin [LTC] arguably mastered the art of staying on the fringes and minding its own business. Now, it seems things are changing as LTC’s recent stats and performance have earned it a good amount of attention from the industry.

That being said, a trader shouldn’t assume that LTC is on a bull run. After all, at press time, the 22nd biggest crypto was trading at $126.30 after rising by 0.70% in the past 24 hours, but falling by 4.31% in the past seven days.

So, if a rallying price isn’t the main attraction here, what is?

One factor could be the efforts of whales. One interval spanning between the end of March and the start of April saw more than 1,500 whale transactions worth more than $100,000 each day. The movements of big players often inspire smaller fish in the sea to follow suit.

Source: Santiment

What’s more, it seems that investors agreed, since the end of March saw a spike in transaction volumes. Now, investors need to see if this trend continues into April.

Source: Santiment

However, some traders are convinced that the rise in transaction volumes is worthy of a lot more hype. Short-term and long-term perspectives definitely make a difference.

— Hamid N (@hamidn2020) April 3, 2022

The stock-to-flow ratio for Litecoin tells us more about the asset’s value in terms of scarcity and supply. While S2F ratios were mostly moving sideways in early 2022, late March saw a huge