Litecoin is Strengthening: Will This Positive Trend Continue? (3/2/25)

Jakarta, Pintu News – Litecoin continues to show strong momentum in the crypto market. With clear resistance levels and rising market sentiment, many are wondering what’s next for the digital currency.

Technical Analysis: What Happens After a Breakout?

Litecoin (LTC) has recently managed to break out of the consolidation zone that has long been its home. With upper resistance at $137.83 and lower support at $114.33, the currency shows potential to go higher. Monitoring the price movements of Litecoin (LTC) shows that there is a great chance of reaching higher levels if it can break through these resistances.

It is important to note that if Litecoin (LTC) manages to break the upper resistance, this could be a signal for investors to consider increasing their positions. However, if the price falls back below support, this may signal that a deeper correction is underway.

Also Read: The Future of Pi Coin (PI) in the Cryptocurrency World: Will PI Capi $5? Here’s the Technical Analysis!

On-Chain Signals: Are Investors Still Optimistic about Litecoin?

Litecoin (LTC) on-chain metrics are showing very positive signs. The Net Network Growth which increased by 0.34% signifies that more and more new addresses are joining the network. This is a good indicator of network health and shows that there is increased interest in Litecoin (LTC).

Moreover, this increase in the number of new addresses could also be a signal that Litecoin (LTC) still has plenty of room to grow. New investors and users continuing to join suggests that there is growing confidence in Litecoin’s (LTC) long-term potential.

MVRV Ratio: How Much Growth Room Is There for LTC?

Litecoin’s (LTC) ever-increasing Market to Realized Value (MVRV) ratio, currently at 0.669, shows that Litecoin’s (LTC) market value is still relatively low compared to its actual value. This suggests that there is still ample room for future price growth. This increase in the MVRV ratio also indicates that investors may not have fully realized the true potential value of Litecoin (LTC). Over time, if more investors realize this, there could be an increase in demand that will push the price even higher.

Conclusion

Taking into account the current technical setup, strong on-chain signals, and improved market sentiment, Litecoin (LTC) seems well positioned for continued growth. These factors, along with a rising MVRV ratio and positive market sentiment, support an optimistic view of Litecoin’s (LTC) future.

Also Read: Pi Network Price Plunges 18% After Legal Warning from Vietnam (3/2/25)

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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.

Reference

• AMB Crypto. Identifying the scale of Litecoin’s latest upside and what’s next for LTC. Accessed on March 3, 2025
• Featured Image: CMCMarkets