Litecoin (LTC) has surged by over 175% in the last five months to reach approximately $140 in February 2025, primarily due to Donald Trump’s reelection as the US president.
In doing so, the cryptocurrency has printed its first Golden Cross in over four years, suggesting further upsides in the future.
Accompanying this signal is an ascending triangle breakout, a structure characterized by higher lows and a flat resistance level, which Litecoin breached at $115. The breakout is reinforced by a spike in trading volume (2.27 million LTC traded this week), indicating strong market conviction.
Technical projections suggest that if momentum holds, LTC could target the 0.382 Fibonacci level at $185, with further upside toward $200–$230. However, Relative Strength Index (RSI) readings at 66.22 indicate that Litecoin is approaching overbought conditions, raising the risk of a near-term pullback.
Adding fuel to Litecoin’s rally is growing speculation over a potential U.S.-approved Litecoin Exchange-Traded Fund (ETF).
The speculation has translated into aggressive buying pressure—Litecoin’s market cap surged 46% between February 2 and February 19, outpacing Bitcoin and the broader crypto market’s 42% gain since early November 2024. Following the DTCC listing news, LTC spiked 8.5% intraday, briefly testing $138.
Network fundamentals are also strengthening. Daily transaction volume has climbed to $9.6 billion, a 243% increase over five months, as investor interest and adoption grow.
This spike in activity signals heightened network demand, reinforcing Litecoin’s bullish momentum.
The next major resistance lies between $185 and $200, aligning with Fibonacci retracement levels and historical price ceilings. However, the rally faces potential hurdles:
For now, Litecoin’s bullish breakout remains intact, with traders watching closely to see if it can extend gains toward $200—or face profit-taking pressure in the near term.
TEST 30 He has written extensively for a broader audience and his current focus is on developments relating to the financial markets including, but not limited to currencies, commodities, alternative asset classes, and global equities.