Key Insights
- Litecoin price sustained above the $100 mark and is looking for a potential surge.
- Santiment data shows LTC surged 25% vs BTC in February, defying broader market losses.
- Bloomberg estimates a 90% chance of Litecoin ETF approval, fueling investor optimism.
Litecoin (LTC) is experiencing a surge in network activity, hinting at potential long term growth and broader adoption.
Amidst the sharp decline in the broader market, it held its ground and stayed above the $100 threshold, displaying inherent strength.
At press time, Litecoin price was trading at $122.20, noting an intraday drop of over 2.30% in the past 24 hours. Its market cap stood at $9.25 Billion and the trading volume dropped over 25%.
LTC Price Strengthens Against BTC Amid Market Chaos
During February 2025, Bitcoin suffered its most significant price drop as it slid over 18%. In contrast to BTC’s 18% negative performance, LTC delivered a growth, noted a surge over 1% growth.
Data from Santiment confirmed that LTC price delivered the highest performance in bearish conditions by showing a 25% increase against BTC during February.
The volatile price trend of Litecoin is also reflected in its growing active address count. Many investors turned bullish during the week amid rising active addresses activity, pointing bullish sentiment on it.
The presence of strong market optimism has been observed, which could trigger an upward price trend ahead.
Litecoin ETF Approval Hopes Rise: Will Regulators Greenlight it?
The growing anticipation about a Litecoin ETF or exchange-traded fund has driven up network usage.
Reportedly, a Bloomberg analyst predicts a 90% likelihood of SEC acceptance for this product in the year 2025.
The approval odds for Litecoin ETF exceed those of potential approval odds for Solana (SOL) and XRP ETFs.
The achievements of Bitcoin and Ethereum spot ETFs created an increased need for new cryptocurrency investment products.
According to analysts, the introduction of BTC or ETH ETFs would not likely result in significant capital inflows but smaller investments could potentially boost the price of LTC.
The approval of this ETF would create new institutional options for investment products. The approval decision will result in both higher market liquidity and better price stability.
The growing expectation functions as an essential power source pushing Litecoin into its recent market changes while investors persist in waiting for its price explosion.
Litecoin Price Prediction: Is a Breakout Above $150 Possible?
Since the start of the year, Litecoin price has been hovering in a narrow range and continued to display roller coaster moves.
Amidst multiple attempts, Litecoin price has failed to crack the $150 supply zone and faced rejections.
Analysis over the weekly timeframe shows that LTC price has been in a consolidation phase for the past two years and seemed ready for a breakout.
Despite the headwinds emerging in the broader market due to Trump tariff’s war, LTC crypto showcased resilience and grabbed bullish momentum.
Once it bypasses the $150 resistance mark, a fresh bullish trend could emerge which could pave the way toward the $200 mark.
Until it caged between $110-$140 range, it may resume its sideways trend ahead. However, a break below the $110 mark could lead to a breakdown toward the $80 mark.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
