Litecoin Surges 12% In A Month Outpacing Bitcoin, Ethereum, XRP: What's Driving The Rally?

by Khyathi Dalal Benzinga Staff Writer

Zinger Key Points

Litecoin introduces “.LTC” domain to simplify transactions and create a unique digital identity.
Crypto trader predicts if the breakout holds there could be a potential 168% rally, another marks $140 as key resistance level.
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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… https://t.co/d46oAYJNoj pic.twitter.com/LXJidXUSNY
— JAVON⚡️MARKS (@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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