LTC Surges 23% as Institutional Interest Grows Amid Key Resistance Test

Litecoin (LTC) is capturing significant institutional attention as its price approaches a critical resistance level, fueled by a 23% weekly rally and heightened futures activity. With open interest hitting $691 million and bullish momentum building, the altcoin’s next moves could define its mid-2025 trajectory.

Litecoin Gains Institutional Interest as Price Nears Key Resistance

Litecoin’s network is drawing institutional investors globally as its price action shows bullish momentum. The altcoin rallied 23% last week, opening May 2025’s third week at $102 amid heightened crypto market volatility.

Futures open interest for LTC surged 9% to $691 million, with $2 million in Leveraged trades liquidated during recent price swings. The asset now approaches a critical resistance level that could determine its ability to retest all-time highs.

Litecoin (LTC) Price Outlook: Assessing the $1,000 Potential by 2030

Litecoin trades at $102.89 amid a cryptocurrency market shaped by geopolitical tensions and macroeconomic uncertainty. The silver to Bitcoin’s gold remains a focal point for investors evaluating its long-term viability.

Analysts project a 2024 peak NEAR $231.21, with more ambitious targets suggesting $1,755.77 by 2030. These divergent forecasts reflect the inherent volatility of digital assets and the difficulty of long-term price modeling in an evolving regulatory landscape.

The $250 threshold for 2025 serves as a critical psychological barrier. Market participants remain divided on whether Litecoin’s technological fundamentals and adoption curve justify such valuations, particularly given increasing competition from newer LAYER 1 solutions.

Coinbase to Launch Wrapped Versions of LTC, ADA, DOGE, and XRP on Base Network

Coinbase is preparing to introduce cbLTC, a 1:1 wrapped version of Litecoin, designed to integrate LTC into the decentralized finance (DeFi) ecosystem on its Base network. The token will be fully backed by actual Litecoin and compatible with DeFi applications upon launch. The official contract address for cbLTC has been disclosed as 0xcb17C9Db87B595717C857a08468793f5bAb6445F, though a specific release date remains unannounced.

In addition to cbLTC, Coinbase plans to roll out wrapped variants of Cardano (cbADA), Dogecoin (cbDOGE), and XRP (cbXRP). These assets aim to expand DeFi liquidity options but are not yet live. The move signals Coinbase’s continued push to bridge traditional crypto assets with the growing DeFi sector.