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Litecoin Surges 12% In A Month Outpacing Bitcoin, Ethereum, XRP: What’s Driving The Rally?
Litecoin LTC/USD has gained 12% over the past month, significantly outperforming Bitcoin, Ethereum and XRP, all of which are down. Traders are now eyeing further upside, especially with the ETF narrative gaining traction.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Litecoin LTC/USD | $126.67 | $9.6 billion | +2.2% | -1.8% |
| Solana SOL/USD | $138.95 | $69.2 billion | +4.5% | -20.4% |
| Cardano ADA/USD | $0.6551 | $23 billion | -1.1% | -18.4% |
Trader Notes: Crypto trader Javon Marks highlights Litecoin’s strong breakout on high volume, predicting an upside target of $354.36 (+168%) if momentum holds.
$LTC (Litecoin) recently showed a major move up on some serious positive volume and as prices hold broken out, there could be a much greater upside coming!
With the first target at $354.36, another +168% increase, at potentially the least, can be on the way and in the works… pic.twitter.com/LXJidXUSNY
— JAVONMARKS (@JavonTM1) February 27, 2025
Crypto trader Daan Crypto Trades sees $140 as the key resistance level for Litecoin, stating that a breakout could trigger a major move up. He notes that while the ETF narrative is driving the rally, actual inflows might be limited once it goes live.
Statistics: IntoTheBlock data shows Litecoin’s large transaction volume having dropped 1.3%, while daily active addresses grew 1.1%. Transactions greater than $100,000 increased from 1,939 to 2,054 in a single day. Currently, 78% of Litecoin holders are in profit.
Coinglass data shows Litecoin liquidations in the past 24 hours at $5.2 million, with $3.2 million in long liquidations implying traders’ belief in the long-term potential of the altcoin. Open interest is up by 3% to $662 million in a single day.
Community News: Litecoin announced its own blockchain-based domain extension, “.LTC,” in partnership with Unstoppable Domains and the Litecoin Foundation. This move aims to simplify transactions, replace complex wallet addresses with user-friendly names and expand Litecoin’s presence in the broader crypto ecosystem.
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