LTC News: Litecoin Faces Potential Drop Below $100 Amid Market Downturn, But Network Metrics Show Positive Signs

Litecoin (LTC) has seen a significant decline in its price recently, raising concerns among investors. However, despite the market downturn, Litecoin`s network metrics continue to show positive signs.

Litecoin Retreat? A Drop Below $100 Still A Possibility—Analyst

Litecoin (LTC) is currently trading at $112, down 9% in the last 24 hours, as investors express concern over its ability to stay above the critical $120 threshold amidst a broader market downturn. Over $250 million in liquidations have occurred across cryptocurrency exchanges due to escalating selling pressure. Despite the price decline, Litecoin`s network metrics show positive signs with the overall count of addresses now standing at over 8 million, higher than the 30-day average.

NASDAQ files for Grayscale’s Polkadot ETF – Is DOT’s public trading debut near?

Grayscale has officially submitted a Form 19b-4 filing with NASDAQ to launch the Grayscale Polkadot Trust, expanding its crypto investment offerings for institutional investors to gain exposure to the Polkadot [DOT] ecosystem. This application follows Grayscale’s expansion into altcoin ETFs, with similar filings for Solana [SOL], Litecoin [LTC], XRP, Dogecoin [DOGE], and Cardano [ADA]. The filing is now subject to review by the U.S. Securities and Exchange Commission (SEC), which has 45 days to decide whether to approve, deny, or extend its evaluation.

Litecoin: Potential to Reach $250 in March 2025?

Litecoin (LTC) made a significant comeback in 2024 and has continued its upward trend into 2025. Rumors of an LTC exchange-traded fund (ETF) gaining approval have contributed to its surge. Over the past 12 months, LTC has recorded a massive increase of 76.53%, trading from a low of $50.43 to a high of $146.61. While the community anticipated LTC to hit $200, the asset`s growth has been slower than expected. In recent news, Litecoin emerged as the top performer of the day with a 10.38% surge, trading at $123.39 at the time of writing. Several factors have fueled LTC`s growth.