Sunday, February 23, 2025
HomeCryptoLitecoin (LTC) defies the market trend, the price provided for a 30%...

Litecoin (LTC) defies the market trend, the price provided for a 30% rally

The LTC, the native token of Litecoin, makes waves and draws significant attention from crypto lovers. On February 19, 2025, while the overall feeling of the cryptocurrency market remains down and the best assets like Bitcoin (BTC), Ethereum (ETH) and XRP are fighting to gain momentum, LTC surpassed the market with a gain of 4.5%.

Litecoin (LTC) Momentum Price

With this gain, the LTC has challenged the overall downward trend and is currently negotiated above $ 128.20. This notable increase has not only surpassed major cryptocurrencies, but also the valanche (AVAX) and Sui (sui). Due to its bullish momentum, the LTC aroused significant interests from investors and merchants, which led to a 27% leap in the volume of trade.

However, this interest of long -term holders differs and opposes the bullish feeling, as reported by the chain analysis company Rinsing. The Flow / Outwerd Spot data reveal that the exchanges have experienced an influx of more than $ 2.3 million in LTC token, suggesting a potential sale by long -term holders.

Source: Coringlass

In the current feeling of the market, it seems that investors capitalize on the recent increase in prices of the reservation to profit, which could create a sale pressure and lead to a new drop in prices.

Technical analysis of the LTC and to come

This notable rise in the notable rise seems to transfer current consolidation to a bullish price action. According to an expert technical analysis, with the recent overvoltage of prices, the LTC addressed its level of crucial resistance of $ 140, which has a history of price reversal and sales pressure.

Source: Commercial view

Since December 2025, the asset has reached this crucial level more than four times, and each time, it has experienced a significant price drop.

However, given the recent performance of LTC, there is a high possibility that it can soon cross this level of resistance and close a daily candle for more than $ 141. If this happens, LTC could rise by 30% to $ 182.50 in the coming days. Otherwise, the price could fall back to the $ 100 in the future.

Source

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular