In a tweet published by Santiment, Litecoin saw a significant increase in whale-buying activity compared to usual in August. This is a sign that some whales are buying the dip.

In addition to the whales activities, Santiment recorded a sharp decrease in daily active addresses over the past few months. Litecoin now has over 304,000 active addresses (September 7), from 801,000 in June.

Santiment has also observed a big increase in the number of social media mentions. This shows heightened public interest in the token.

Another significant observation is that Litecoin’s futures open interest has been muted in the past few months. Interest in the futures market was at $243 million on Sep 7, down from the year-to-date high of over $708 million.

Futures open interest is an important metric because it shows the outstanding contracts that are yet to be filled. Keep in mind that most cases of higher open interest indicate that the token has a high demand among investors.

These metrics and others like negative funding rates and descending trendlines may allow Litecoin investors to make informed decisions about their investments.