A market behavior analysis platform, Santiment, tweeted that the price of Bitcoin and Litecoin had been up since May. The market analysis platform stated that the price of the coins mentioned above was up due to the rise in the number of large wallet addresses accumulating these currencies.
The platform stated that the number of wallet addresses holding more than 1000+ LTC rose to 4,232, the highest in two years. Additionally, it stated that the price ratio of BTC and LTC was up by 130%.
Source: Cryptocurrency - investing.com
