Litecoin whales have been making significant net inflows into their wallets recently, according to on-chain data. These large investors, defined as those holding at least 1% of the cryptocurrency's circulating supply, have accumulated a staggering 2,751,633 LTC in the past 30 days, worth approximately $230 million at the current exchange rate.

The buying spree was particularly intense on May 10th, when the whales purchased 900,000 LTC, the highest daily amount since February, representing around one-third of the total accumulation in the past month. This surge in buying activity has coincided with Litecoin's price consolidation around its lows following the mid-April crash, suggesting that the whales believe the recent prices of Litecoin to be attractive entry points.

The Large Holders Netflow, an on-chain indicator that tracks the net amount of Litecoin entering or leaving the combined wallets of these influential investors, has mostly observed positive values over the past month. This trend implies that the whales' wallets have been receiving net deposits, which could be a bullish sign for the cryptocurrency's future price movements.

However, it's important to note that the indicator turning negative could potentially signal a bearish outcome for Litecoin. As of now, the asset's price continues to consolidate within its range, currently trading around $84.

The recent buying spree by Litecoin whales has raised questions about the potential impact on the coin's future performance. While the accumulation by these large investors could be a positive sign, it remains to be seen how the asset's price will develop in the near future. Investors and analysts will be closely monitoring the Large Holders Netflow and other on-chain metrics to gauge the market sentiment and make informed decisions.