Litecoin Getting Ready to Surge? Litecoin’s Strength in a Volatile Market (2/28/25)

Updated

February 28, 2025

Gambar Litecoin Getting Ready to Surge? Litecoin’s Strength in a Volatile Market (2/28/25)

Jakarta, Pintu News – Litecoin showed impressive resilience amid the broader market decline, consolidating below the $140 level. While the general crypto market is under selling pressure, Litecoin has managed to maintain a solid market structure and is poised for the next big move.

Litecoin’s strength amid a volatile market

$LTC Has been one of the strongest coins the past couple of weeks.

The high timeframe chart still looks solid.

It just has this massive $140 level which it has failed to break so far. But keep an eye out for when that happens as it could result in a big move upwards.

The… https://t.co/xgffMA5iMK pic.twitter.com/b4UceR2lP4
— Daan Crypto Trades (@DaanCrypto) February 27, 2025

In recent weeks, Litecoin has been one of the most powerful coins, according to top analyst Daan. Despite the crypto market’s decline, Litecoin’s high time chart still shows a solid structure. If the market recovers, Litecoin has the potential for a major rally, surpassing other altcoins that have struggled to restore key levels.

Daan emphasized that if buyers can regain control of the $140 mark, Litecoin could be set for a strong rally. However, if selling pressure returns, the price may test lower support levels before the next big move. Investors remain cautiously optimistic about Litecoin’s performance amid continued market volatility.

Litecoin and ETFs: The Effect of Speculation on Price

One of the factors driving Litecoin’s strength is the growing Litecoin ETF narrative, which has sparked buying pressure. Although Daan admits that there may not be meaningful inflows once the ETF is launched, speculation around it has provided short-term bullish momentum.

The $140 level has proven to be a major resistance, preventing LTC from breaking out. According to Daan, it is important to keep an eye on this critical price level, as a breakout could trigger a significant upward movement. This shows that speculation and market sentiment remain the main drivers of Litecoin’s price action.

Also Read: Cardano (ADA) Price Prediction by Alex Becker: Upside Potential or Excessive Speculation?

Litecoin Breakout Prospects

Currently, Litecoin is trading at $129 after dropping to $106 during a massive market sell-off. Despite the volatility, LTC managed to regain momentum, bouncing above key support levels. The next critical resistance is at $140, a level that has acted as a strong barrier since early December.

If Litecoin can hold above the $130 mark in the next few days, a breakout may follow, which could lead to an aggressive rally towards multi-year peaks. However, the market is still in a consolidation phase after experiencing heavy selling pressure, and further price compression could delay the breakout.

Conclusion: Litecoin’s Great Future Potential

With a strong market structure and ETF speculation, Litecoin shows potential that should not be ignored. While challenges remain, the coin’s ability to hold key levels even in difficult market conditions shows its strength. Investors and market watchers will keep a close eye on Litecoin’s price movements, especially in relation to the $140 resistance level.

Also Read: B itcoin (BTC) Trend Not Over? CryptoQuant CEO Analyzes!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.