{"id":2915,"date":"2025-02-12T06:00:29","date_gmt":"2025-02-12T06:00:29","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/litecoin-makes-surprise-14-rally-analyst-eyes-a-move-to-128\/"},"modified":"2025-02-12T06:00:29","modified_gmt":"2025-02-12T06:00:29","slug":"litecoin-makes-surprise-14-rally-analyst-eyes-a-move-to-128","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/litecoin-makes-surprise-14-rally-analyst-eyes-a-move-to-128\/","title":{"rendered":"Litecoin Makes Surprise 14% Rally\u2014Analyst Eyes A Move To $128"},"content":{"rendered":"

Rising by 14% in the face of a broad general market volatility, Litecoin (LTC) is once more displaying its strength in the crypto scene. LTC dropped briefly to $102, then swiftly recovered and today rests securely above the $120 support zone.<\/p>\n

As positive momentum builds, experts are wondering whether Litecoin can reach the next crucial level: $128. At its current price<\/a> of $127, it’s just a matter of time (hours?) before LTC can easily hit $128.<\/p>\n

Strong Recovery After Market Dip<\/h2>\n

Traders have been drawn to Litecoin lately, particularly given its remarkable 25% increase<\/a> over the past 30 days. LTC has kept a consistent climb while Bitcoin and other big cryptocurrencies have somewhat been shaken.<\/p>\n

Litecoin dropped momentarily to $105 on February 10 then quickly recovered, indicating substantial buyer demand at reduced levels. Now considered as a crucial support zone, the $120 mark will help LTC brace for another leg up as long as it holds.<\/p>\n

\n

\"\ud83e\udde8\" $LTC<\/a> is breaking out of this ascending triangle as predicted! The target is $128\"\ud83c\udfaf\"<\/p>\n

Trade #Litecoin<\/a> on Bitunix – https:\/\/t.co\/GzXaATj3Ps<\/a> and get a free $100 after your first $500 deposit! pic.twitter.com\/UGD4Qq1aa5<\/a><\/p>\n

\u2014 Carl Moon (@TheMoonCarl) February 10, 2025<\/a><\/p>\n<\/blockquote>\n

Market Sentinel Sees A Move To $128 And Above<\/h2>\n

With some experts seeing a breakthrough toward $128 in the near term, market watchers are upbeat about Litecoin’s trajectory.<\/p>\n

Should positive sentiment persist, the next main obstacle falls between $128 and $130. A clean break above this area would let the door open for a push toward $150 or possibly $170 in the next weeks.<\/p>\n

\"\"<\/p>\n

The past performance of Litecoin in pre- and post-halving cycles is one of the elements fostering this optimistic view. Some analysts contend that Litecoin’s present surge is still part of its extended bullish phase.<\/p>\n

Litecoin ETF Speculation Adds Fuel To The Fire<\/p>\n

Speculation about a possible Litecoin exchange-traded fund (ETF)<\/a> is another main driver behind Litecoin’s current surge. Although Bitcoin ETFs are already causing stir in the market, investors are also considering other assets that would profit from same regulatory approval.<\/p>\n

\n

Odds of Litecoin ETF approval at 90%.<\/p>\n

I’m fine if folks want to buy it. It’s a free country<\/p>\n

But why? It’s a decade old ghost chain with no discernible purpose. https:\/\/t.co\/XNsNqxfDfp<\/a><\/p>\n

\u2014 Jeff Roberts (@jeffjohnroberts) February 11, 2025<\/a><\/p>\n<\/blockquote>\n

\"\"<\/p>\n

Should an LTC ETF<\/a> be greenlit – which at the time of writing has a solid 90% odds of approval, according to an X user – it would give institutional investors a controlled approach to expose themselves to crypto, hence maybe generating large asset inflows.<\/p>\n

While no official confirmation has been made, growing speculation alone has been enough to spark increased interest in LTC.<\/p>\n

\"\"<\/p>\n

Litecoin: What’s Next?<\/p>\n

Litecoin is barely one dollar away from its target, and all eyes are on whether it can surpass the $128 barrier level, according crypto analyst Carl Moon. Should the overall market stay steady and sentiment remain favorable, a move past $130 could be just ahead.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Rising by 14% in the face of a broad general market volatility, Litecoin (LTC) is once more displaying its strength in the crypto scene. LTC dropped briefly to $102, then swiftly recovered and today rests securely above the $120 support zone. As positive momentum builds, experts are wondering whether Litecoin can reach the next crucial…<\/p>\n","protected":false},"author":1,"featured_media":2916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[12,22,51,55,541,563,562],"class_list":["post-2915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-altcoins","tag-bitcoin","tag-crypto","tag-cryptocurrency-market-news","tag-etf","tag-litecoin","tag-ltc"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=2915"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2916"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}