LTC Gains Momentum as Coinbase Launches Wrapped cbLTC on Base Network

Coinbase has taken a significant step in expanding the utility of Litecoin (LTC) by introducing its wrapped version, cbLTC, on the Base network. This ERC-20 token, fully backed 1:1 by native LTC held in custody, aims to integrate Litecoin into Base's thriving decentralized finance (DeFi) ecosystem. The move follows the successful launch of other wrapped assets like cbBTC and cbXRP, signaling Coinbase's commitment to bridging traditional cryptocurrencies with Ethereum-based DeFi applications. As of June 2025, this development could potentially increase LTC's adoption and liquidity in the DeFi space, offering holders new opportunities for yield generation and interoperability. The launch comes at a time when institutional interest in wrapped assets is growing, as they provide exposure to non-Ethereum native tokens while maintaining the security and transparency of blockchain technology. With cbLTC now available, Litecoin enthusiasts can participate in Base's expanding DeFi landscape, potentially driving demand for LTC and reinforcing its position as one of the most established altcoins in the market.

Coinbase Expands Base Network with Wrapped Cardano (cbADA) and Litecoin (cbLTC)

Coinbase has launched wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Base network, introducing cbADA and cbLTC as ERC-20 tokens fully backed 1:1 by their native counterparts held in custody. The move aims to integrate these assets into Base's decentralized finance ecosystem, joining existing wrapped tokens like cbBTC, cbXRP, and cbDOGE.

Contract addresses for cbADA (0xcbADA732173e39521CDBE8bf59a6Dc85A9fc7b8c) and cbLTC (0xcb17C9Db87B595717C857a08468793f5bAb6445F) were disclosed to combat impersonation attempts. Proof of reserves reveals 2.93 million ADA already wrapped.

Base's open approach to cross-chain interoperability contrasts with competing Layer 2 solutions, earning praise from the crypto community. The exchange continues to bridge traditional crypto assets with Ethereum's smart contract environment through its institutional-grade custodial wrapping service.

Litecoin Faces Bearish Pressure as Profit-Taking Hits Three-Month High

Litecoin's price stabilized NEAR $85 on Thursday, marking a 6% weekly recovery. The rebound followed improved market sentiment after Iran-Israel ceasefire talks, but on-chain metrics now flash warning signs.

Santiment data reveals a surge in profit-taking, with the Network Realized Profit/Loss metric hitting its highest level since March. A single whale dumped 340,000 LTC tokens, equivalent to roughly $29 million at current prices, adding downward pressure.

Increased activity from dormant wallets suggests long-term holders are capitalizing on the recent price bounce. These on-chain signals point to growing selling pressure that could derail Litecoin's recovery momentum.

Cryptocurrencies Price Prediction: Litecoin, Pi Network & Ethereum — Asian Wrap 26 June

Litecoin stabilizes near $85 amid a 6% weekly recovery, but on-chain data reveals troubling signals. Profit-taking activity among LTC holders has hit a three-month peak, while dormant wallet movements suggest mounting selling pressure. A whale's disposal of 340,000 LTC tokens further darkens the outlook.

Pi Network retreats slightly after a 16% surge, buoyed by speculation around its AI integration plans. The token breached key resistance levels, with technical patterns hinting at potential upside. Meanwhile, ethereum dips 1% as Bitcoin miner Bit Digital shifts focus to ETH staking strategies, reflecting institutional reassessments of crypto treasury allocations.