Litecoin (LTC) became one of the best benefiting from the recovery on the market. LTC, which gained 11.2 %in the last 24 hours, rose to $ 127. Increased network activity and ETF expectations cause analysts to predict that LTC may exceed $ 200 in April.
Can LTC leave Bitcoin behind in March?
February 2025 was quite challenging for Bitcoin (BTC). BTC lost 17.3 %, while Litecoin closed the month with an increase of 1 %. According to the Analysis Platform centimeter, the price of LTC increased by 25 %against Bitcoin and decomposed from the rest of the market.
In addition to this powerful performance, Litecoin wallet addresses have experienced a major increase. In the last 24 hours, extreme optimistic comments about LTC also drew attention. However, analysts emphasize that the possibility of a correction in the short term should not be ignored.
Litecoin ETF demand is increasing
One of the biggest triggers of the rise in the price of LTC is the possibility of approval to the Litecoin ETF of the US Securities and Stock Exchange Commission (SEC). Bloomberg analysts consider this probability of 90 %and say that Litecoin ETF has a higher chance than XRP and Solana ETFs.
The success of Bitcoin and Ethereum Spot ETFs opened the door to new crypto investment products. Although Litecoin is not expected to see great demand as BTC and ETH, analysts think that even ETF approval may have a major impact on the price.
Can Litecoin reach $ 200?
LTC, which is currently traded for $ 127, has to exceed $ 130 resistance to continue the rise. According to Coings data, open positions increased by 8.68 %to $ 645 million. In addition, the position of $ 2.25 million in the last 24 hours was liquid. $ 1.90 million of this came from short positions.
Market analysts are cautious about the rise of LTC. Some think that this price movement is realized by the effect of short liquidations rather than market conditions. However, Coincodex data shows that Litecoin can rise up to $ 224 by April 2025. Big breaks for Litecoin can be at the door! Can ETF expectation and increasing network activity carry the price to new peaks? In the coming days, Litecoin’s future seems to begin to take shape.
