LTC News: Litecoin Surges 25% Against Bitcoin but Faces Potential Pullback

Litecoin has experienced significant growth against Bitcoin in February, but technical indicators suggest a potential correction in the near future.

Litecoin Gains 25% Against Bitcoin in February, but a Pullback Looms

Litecoin surged 25% against Bitcoin in February, with over 445,000 active addresses signaling market engagement. Bloomberg analysts estimate a 90% chance of a Litecoin ETF approval in 2025, fueling investor optimism. However, Litecoin faces resistance at $134, with RSI at 52.56 and MACD showing bearish signs, hinting at a pullback. On-chain data from Santiment highlights a sharp increase in network activity, a trend that could indicate upcoming volatility.

Litecoin’s Bullish Momentum: Breaking Resistance Towards $170

Litecoin (LTC) has shown impressive momentum in recent weeks, with its price surging by over 8% in the last 24 hours. LTC is currently trading at $127.08 and has been on a strong upward trend since February, gaining 25% against Bitcoin. The altcoin is testing key resistance levels and is trading within a consolidation range between $114.33 and $137.83. A breakout above $137.83 could trigger a rally towards $170.

Litecoin Price Outlook: Bullish Breakout Potential at $136

Litecoin price has shown bullish momentum, but a confirmed breakout requires a daily candlestick close above $136. Currently trading at $124.98, with a 0.71% increase, Litecoin faces resistance at $135, a key level to surpass for further gains. A close above $136 could signal strong buying pressure and a potential rally toward $148, while failure may lead to a decline toward $114. Historically, Litecoin has responded to buy and sell signals, suggesting that sustaining a close above $136 could drive further gains.