Key Insights:
Litecoin saw two super rallies this month that helped its price recover to $130 levels after a fall to $88 and $109, respectively.
ETF expectations together with whale and retain buying have supported Litecoin's price.
A Litecoin ETF could get an expedited approval because SEC does not consider Litecoin as a security just like Bitcoin and Ethereum.
A crypto market sel-off that brought a 16.5% crash in Bitcoin could not even put a dent in Litecoin which is up by almost 1% over the last 7 days.
Litecoin Price History in the Last 7 Days
CoinMarketCap
Litecoin charts show that the price of LTC has been moving in a much volatile manner just like other cryptocurrencies like Ethereum, XRP and Solana. However, after each fall, Litecoin gets back up with the same momentum that caused it to fall.
In the first week of February 2025, Litecoin fell from $132 on 31 January to $88 levels on 03 February. The crypto saw a quick recovery to $126 in the next seven days. It continued its rally and peaked at $137 on 16 February.
Market turbulence caused another fall till $109 by 25 Feb, i.e., just two days ago. However, this time, the markets too saw a broader correction in altcoins and a major crash in Bitcoin. Still, Litecoin managed to get to $130 levels today. What's more interesting is that Litecoin has moved only upward in the last two days. At press time, it was trading at a price of $127.45.
Litecoin's Price At Press Time
CoinMarketCap
Litecoin has an active ETF application(by Canary Capital) with the US SEC. In SEC's view, Litecoin is not a security and enjoys a status much similar to Bitcoin. Hence, the approval chances of a Litecoin ETF is much higher than other altcoin ETF.
If this ETF is approved, it is expected to trigger a 100% rally in LTC because there is very little resistance between $136 and $260 in Litecoin's 1M Charts.
Litecoin USDT 1Month Charts
Tradingview
However, it is not the only reason that has sent Litecoin back to $130 levels each time after falling this month. It is the consistent whale buying in it that is coupled with the retail markets and trading on ETF-based news.
These traders (both whales and retail) typically buy at rumor and sell at news. This also means that there could be a selling pressure on Litecoin around ETF approval. Still, we do not expect a crash around that event because by then the broader retail markets would have picked up pace.
Litecoin's strong growth cannot be estimated properly with short or medium term charts. Hence, we have switched to long-term ones, i.e., 1-Month charts. In the last couple of years, Litecoin seems to have stuck between $60 on the downside and $138 on the upside.
Litecoin USDT 1Month Charts
Tradingview
At current levels, Litecoin is close to breaching $138. However, it needs to cross the resistance at this level first, which seems an uphill task in the current markets where the Fear and Greed Index is at 10 (extremely fear). However, if the current markets see any recovery, the rising RSI and positive MACD crossover would push Litecoin above $138 resistance.
Beyond $138, Litecoin seems to have a clear bull run to $260, which is the next resistance. We expect this level to arrive within 2025 because once the momentum gathers for LTC, there is a little resistance ahead.
If Litecoin ETFs are approved meanwhile, they could trigger another supercharged rally for it. In such a highly bullish scenario, we can expect $387 prices coming in 2025 for Litecoin.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.