Litecoin ($LTC ) is defying a broadly bearish market today, posting a robust 10% gain to trade at $131.90. As the 15th-ranked cryptocurrency by market cap, LTC has been on an impressive tear—up 18.4% over the week and inching closer to a new yearly high above $141. With another 10% jump, Litecoin could reach a three-year peak of $150, last seen in January 2022.

Record Weekly Gains and New Highs in Sight

The current rally isn’t just a short-term blip. LTC’s sustained weekly growth signals renewed investor confidence, even as the broader market remains volatile. The token’s upward trajectory is pushing it toward fresh resistance levels, and traders are eyeing the potential breakout with anticipation.

ETF Developments: A Bullish Catalyst

A major catalyst behind the recent price surge is the buzz surrounding a new ETF filing. On February 19, 2025, the SEC acknowledged another round of ETF filings with CoinShares in the spotlight—this time for a spot Litecoin ETF, alongside a similar XRP ETF. This is the third spot LTC ETF filing, following those from Canary Capital and Grayscale.

Nasdaq Stock Market LLC submitted these filings on behalf of CoinShares, with the SEC now calling for public comments within the next 21 days. Bloomberg’s senior ETF analyst Eric Balchunas has predicted a 90% chance of a Litecoin ETF approval in 2025, although the review process could take up to 240 days, with a resolution expected around September 2025. In contrast, analyst James Seyffart remains cautious, suggesting that a spot Litecoin ETF might struggle to generate significant demand.

Open Interest Hits a Four-Year High

Adding to the positive sentiment, Litecoin’s open interest surged to $758.9 million on February 19—the highest level seen in four years. This spike in futures trading interest underscores the renewed bullish outlook among traders, who are positioning LTC for what could be a substantial rally ahead.

Technical Indicators Point to Further Upside

From a technical perspective, Litecoin is nearing a critical resistance level at $140. Renowned technical analyst Dom has noted that the current price action doesn’t resemble a topping formation. Instead, LTC’s performance remains bullish, particularly when trading above its All-Time High Volume Weighted Average Price (ATH VWAP). Dom’s analysis even suggests that if the token breaks through this resistance, it could climb as high as $180 in the coming weeks, with a full invalidation signal appearing only if prices dip below approximately $103.

Market Behavior: Consolidation and Rebound Dynamics

Recent data from IntoTheBlock shows that Litecoin traders have been actively engaging in strategic buy-sell cycles. When LTC consolidates around the $135 mark, traders often sell off and then re-enter around the $100 region. This behavior was evident on February 3, when a significant candle wick drop took the price down to $80, only for it to rebound and close above $100—thanks to strong underlying bids on the order book.

Conclusion

Multiple factors are converging to drive Litecoin’s robust performance today—from favorable ETF news and record open interest levels to bullish technical indicators and savvy trading patterns. As LTC nears a critical resistance level, the market is abuzz with expectations for further gains. However, sustained momentum will depend on overcoming key technical barriers and the eventual outcome of the ETF filing process.

What are your thoughts on LTC’s rally? Do you see the ETF catalyst and technical momentum pushing it to new heights, or are there risks that could temper this bullish trend? Drop your insights below and join the conversation!


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