With the broader crypto market restoration, the Litecoin (LTC) value has bounced again 11.2% at present, surging to $127 ranges because the blockchain tackle exercise touches new highs. While prime altcoins like Ethereum (ETH) skilled a brutal 31% correction in February, LTC staged a robust present, ending 1% on the inexperienced facet. Market analysts imagine that LTC can proceed the rally additional and surge previous $200 ranges by April.
Will Litecoin Outperform Bitcoin in March?
February 2025 turned out to be among the many worst-performing months for Bitcoin (BTC) with a 17.3% correction, whereas Litecoin ended up 1% within the inexperienced. According to analytics platform Santiment, LTC value has risen 25% towards BTC through the month, a notable divergence in a bearish crypto market.
Amid the robust efficiency, Santiment also highlights a current spike in LTC addresses and an excessively bullish commentary for the altcoin within the final 24 hours. Analysts warning that these elements might sign a minor value retracement within the quick time period.
Litecoin ETF Demand Grows
The surge within the community exercise has been largely because of the rising optimism surrounding the approval of Litecoin ETF by the US SEC this 12 months. Bloomberg has pegged the percentages of such an approval to 90%, a lot increased than XRP ETF or Solana ETF.
The potential approval of an LTC ETF displays a rising development within the cryptocurrency market. The success of spot Bitcoin and Ethereum ETFs, which have seen vital web inflows since their 2024 launches, has opened the door for added crypto-focused funding merchandise.
While an ETF might not command the identical stage of demand as its Bitcoin and Ethereum counterparts, analysts imagine that even reasonable inflows might make it interesting.
Will LTC Price Rally to $200?
As of press time, the LTC value is buying and selling 11% up at $127.70, nevertheless, the bulls nonetheless must push it previous the essential resistance of $130 and maintain above it to set off the subsequent leg of the rally. As per the Coinglass knowledge, the LTC open curiosity has surged 8.68% to $645 million. Also, the 24-hour liquidations have soared to $2.25 million of which $1.90 million is briefly liquidations.
Market analysts have combined opinions, particularly with Litecoin price’s recent surge regardless of the broader market crash. Some imagine that the present bounce in LTC value is the result of quick liquidations as an alternative of basic shifts in market situations. On the opposite hand, CoinCodex knowledge reveals that Litecoin can rally all the best way to $224 by April 2025.
Tight liquidity situations have been the foremost purpose behind current crypto market pullbacks and can proceed to affect Bitcoin and altcoin actions forward. Apart from the present surge, there needs to be a robust catalyst that may drive the LTC rally forward.
Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of economic markets. His curiosity in economics and finance has led him to give attention to rising Blockchain know-how and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the data he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and infrequently explores his culinary abilities.
Disclaimer: The introduced content material might embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.
