In the ever-evolving world of cryptocurrencies, how does Litecoin manage to shine amidst the glimmers of giant coins like Bitcoin? As one of the original altcoins, Litecoin has witnessed a surge in adoption by numerous financial companies, thanks to its impressive transaction speeds and minimal fees. While many altcoins dance in Bitcoin’s shadow, Litecoin’s price trajectory shows a strikingly low correlation with BTC, suggesting it might just be the underdog ready for a spectacular breakout. With whale investors potentially behind this momentum, it’s clear that LTC could be gearing up for an exciting ride. Let’s dive into the details and explore what this might mean for investors and traders alike. LEARN MORE
Key Notes
- Litecoin network has been adopted by dozens of financial companies to enhance payments due to its high throughput and low transaction fees.
- LTC price has a low correlation with Bitcoin, thus likely to burst fueled by whale investors.
LTC
$133.0
24h volatility:
0.1%
Market cap:
$10.06 B
Vol. 24h:
$1.61 B
, one of the oldest altcoins with a vibrant on-chain community, has gained significant bullish sentiment in the past few months. The large-cap altcoin, with a fully diluted valuation of about $10.2 billion and a 24-hour average trading volume of about $1.8 billion, surged more than 30 percent in the past two weeks to trade about $135 on Wednesday, February 19, 2025, during the mid-New York session.
From a technical analysis perspective, Litecoin’s price recently confirmed a bullish breakout from a multi-month consolidation after consistently closing above the resistance/support level of around $100 in the recent past. As a result, the LTC price has approached a crucial resistance level of around $135, which has been established in the past two months.
In case the LTC price consistently closes above $135 in the coming days, the altcoin will be well-positioned to rally toward its all-time high in the subsequent weeks. Remarkably, Litecoin price has portrayed a very low correlation with Bitcoin price action, about 0.12 out of 1 according to IntoTheBlock.
