Litecoin Makes Surprise 14% Rally—Analyst Eyes A Move To $128
Faced with widespread overall market volatility, Litecoin (LTC) has risen 14% again, showing its strength again in the cryptocurrency scenario. LTC briefly dropped to $102 before quickly recovering, firmly fixed in the $120 support zone today.
With positive momentum building, experts wonder if Litecoin can reach the next key level: $128. In it Current Price $127, it’s only a matter of time before the LTC easily hits $128 (hours?).
Strong recovery after market decline
Traders have been attracted to Litecoin recently, especially given its extraordinary Increased by 25% In the past 30 days. LTC has maintained a consistent climb, while Bitcoin and other large cryptocurrencies are somewhat shaken.
Litecoin temporarily dropped to $105 on February 10, and then quickly recovered, indicating that buyer demand has decreased. Now considered a crucial support area, it can help LTC support another leg for as long as $120.
$ LTC As predicted, it is emerging from this rising triangle! Target is $128
trading #litecoin It’s bitunix – https://t.co/gzxaatj3ps And get $100 for free after your first $500 deposit! pic.twitter.com/UGD4QQ1AA5
— Carl Moon (@ThemoonCarl) February 10, 2025
Market Sentinel sees moving to $128 and above
Some experts have seen a $128 breakthrough in the short term, and market observers are optimistic about the trajectory of Litecoin.
If positive emotions persist, the next major obstacle is between $128 and $130. A clean break above the area will open the door to push towards $150 or possibly $170 in the next few weeks.
Litecoin’s performance before and after a little training is one of the elements that cultivate this optimistic view. Some analysts believe that Litecoin’s current surge remains part of its bullish phase of expansion.
Litecoin ETF speculates adding fuel to fire
What is possible guess Litecoin Exchange Trading Fund (ETF) It is another major driver of Litecoin’s current surge. While Bitcoin ETFs have already caused a sensation in the market, investors are also considering other assets that will be profitable through the same regulator’s approval.
The chance of Litecoin ETF approval is 90%.
If people want to buy it, I’m fine. This is a free country
but why? This is a decade-old ghost chain with no visible purpose. https://t.co/xnsnqxfdfp
— Jeff Roberts (@jeffjohnroberts) February 11, 2025
It should be LTC etf Be GreenLit – At the time of writing, it has a 90% chance of endorsement – according to X users – it will provide institutional investors with a controlled way to expose themselves to cryptocurrencies, which can result in large amounts of asset inflows .
Although no official confirmation has been made, more and more speculation is enough to stimulate interest in LTC.
Litecoin: What’s next?
Crypto analyst Carl Moon said Litecoin is only one dollar away from its target, and all eyes care about whether it can surpass the $128 barrier level. If the overall market remains stable and emotionally good, relocations over $130 may be at the lead.
Featured images by Gemini Imagen, charts by TradingView
