- Whale behavior comes in handy during periods of flat trading.
- Whales are accumulating cryptos like LTC, UNI, and XRP.
- LTC is currently trading at $78.40 after a price increase of 4.51%.
Santiment, a well-known market intelligence platform took to Twitter on December 13 to elaborate a bit on whale behavior, and how it could help traders spot a potential diamond in the rough.
According to the post, whales still continue to play a big role in the way the market moves and flows. Santiment also added that whale behavior especially comes in handy during periods of flat trading like we are experiencing in the markets at the moment. By keeping an eye on which assets are being accumulated by whales, it could lead to some “huge wins”.
Santiment specifically urged people to keep an eye on cryptos like Litecoin (LTC), Uniswap (UNI), XRP, Compound (COMP), Maker (MKR), and Quant (QNT).
Data from the market tracking website CoinMarketCap indicates that LTC is currently trading at $78.40 after a price increase of 4.51% over the last 24 hours. The altcoin is also still in the green by more than 1% over the last week.
UNI also had a decent 24 hours as the crypto is currently up by more than 3% to now trade at $6.10. UNI was also able to strengthen against Bitcoin (BTC) by 0.10%, but still weakened against Ethereum (ETH) by 0.92%.
XRP is currently trading at $0.3904 after a 2.22% increase in price over the last day. The remittance token is also still in the green by more than 3% over the last week. XRP’s 24-hour trading volume also went up by more than 1% to now stand at $1,053,001,397.
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