With the broader crypto market recovery, the Litecoin (LTC) price has bounced back 11.2% today, surging to $127 levels as the blockchain address activity touches new highs. While top altcoins like Ethereum (ETH ($2,211.94)) experienced a brutal 31% correction in February, LTC staged a strong show, ending 1% on the green side. Market analysts believe that LTC can continue the rally further and surge past $200 levels by April.
Will Litecoin Outperform Bitcoin in March?
February 2025 turned out to be among the worst-performing months for Bitcoin (BTC ($85,125.01)) with a 17.3% correction, while Litecoin ended up 1% in the green. According to analytics platform Santiment, LTC price has risen 25% against BTC during the month, a notable divergence in a bearish crypto market.
Amid the strong performance, Santiment also highlights a recent spike in LTC addresses and an overly bullish commentary for the altcoin in the last 24 hours. Analysts caution that these factors may signal a minor price retracement in the short term.
Source: SantimentLitecoin ETF Demand Grows
The surge in the network activity has been largely due to the growing optimism surrounding the approval of Litecoin ETF by the US SEC this year. Bloomberg has pegged the odds of such an approval to 90%, much higher than XRP ($2.16) ETF or Solana ETF.
The potential approval of an LTC ETF reflects a growing trend in the cryptocurrency market. The success of spot Bitcoin and Ethereum ETFs, which have seen significant net inflows since their 2024 launches, has opened the door for additional crypto-focused investment products.
While an ETF may not command the same level of demand as its Bitcoin and Ethereum counterparts, analysts believe that even moderate inflows could make it appealing.
Will LTC Price Rally to $200?
As of press time, the LTC price is trading 11% up at $127.70, however, the bulls still need to push it past the crucial resistance of $130 and sustain above it to trigger the next leg of the rally. As per the Coinglass data, the LTC open interest has surged 8.68% to $645 million. Also, the 24-hour liquidations have soared to $2.25 million of which $1.90 million is in short liquidations.
Market analysts have mixed opinions, especially with Litecoin price’s recent surge despite the broader market crash. Some believe that the current bounce in LTC price is the outcome of short liquidations instead of fundamental shifts in market conditions. On the other hand, CoinCodex data shows that Litecoin can rally all the way to $224 by April 2025.
Source: CoincodexTight liquidity conditions have been the major reason behind recent crypto market pullbacks and will continue to influence Bitcoin and altcoin movements ahead. Apart from the current surge, there has to be a strong catalyst that can drive the LTC rally ahead.
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