**Litecoin’s Price Rally: Driven by Increased Address Activity and ETF Hopes, with Predictions of $200+ by April**
Litecoin (LTC) has recently experienced a notable price surge, sparking excitement and speculation about its future trajectory. The recent uptick in address activity and the anticipation surrounding a potential ETF approval have many analysts predicting that LTC could reach $200 or even $224 by April. This comes after Litecoin outperformed major cryptocurrencies like Bitcoin and Ethereum in February, showcasing its resilience and ability to maintain an upward trend.
In a month where the broader crypto market faced challenges, Litecoin distinguished itself with a solid performance. While Bitcoin saw a 17.3% correction and Ethereum faced a 31% decline, as reported by ETHNews, Litecoin managed to end February with a modest gain of 1%. This performance has fueled optimism, especially as LTC gained 25% against Bitcoin during the same period, according to data from analytics platform Santiment.
Currently, Litecoin’s price hovers around $125, reflecting a 5.33% increase over the past 24 hours. This positive movement stands out amidst the fluctuating market conditions, indicating sustained interest in the token. Market analysts believe that if LTC can break through the significant resistance level at $130, it may pave the way for further gains, potentially reaching $200 or higher.
One of the key factors driving Litecoin’s recent price action is the surge in address activity. Increased user engagement suggests that investors are showing heightened interest in the token, which is particularly noteworthy given the current market uncertainty and lower trading volumes. The prospect of a Litecoin ETF approval has also contributed to this momentum. Previous reports indicate a 90% likelihood that the SEC could approve a Litecoin ETF by 2025. If Litecoin follows the successful paths of Bitcoin and Ethereum with their ETFs, it could attract additional institutional demand, further boosting LTC’s price.
On-chain data reveals that large investors, often referred to as whales, have played a significant role in Litecoin’s recent surge. Whale transactions increased during a downturn in the crypto market, particularly following geopolitical events like Trump’s tariff announcement. Data from IntoTheBlock shows that whales transacted 75.5 million LTC during this period, with that number rising to 84.8 million LTC by mid-week, valued at approximately $900 million at current prices. This accumulation during a market dip suggests strong institutional confidence in LTC.
For Litecoin to maintain its upward momentum, it is crucial to break through the key resistance level at $130. If LTC can achieve this, the potential for further price appreciation looks promising. As the market continues to evolve, all eyes will be on Litecoin to see if it can capitalize on these positive trends and reach new heights.
