$LTC Below is the latest market information and analysis about Litecoin (LTC):

1. Litecoin price and trading volume

As of February 21, 2025, the price of Litecoin was $135.64, and the 24-hour trading volume reached $1.798 billion. Litecoin has outperformed most cryptocurrencies with a gain of 13% over the past seven days. Its market value increased by 46% between February 2 and February 19, showing a significant increase in investor interest.

2. Market sentiment and ETF expectations

The market has strong expectations for the approval of the Litecoin ETF, with Bloomberg analysts predicting a 90% chance of approval. This optimism has driven up Litecoin trading activity and prices. Litecoin’s open interest recently surged to $840 million, a record high, indicating growing bullish sentiment in the market.

3. Wallet activity and coin holding addresses

The number of active addresses on the Litecoin network has increased significantly over the past period of time. As of February 14, 2023, the number of addresses holding coins on the Litecoin network is approximately 46 million, of which 73% of the addresses hold 1 LTC or less. In addition, the distribution of Litecoin holdings is relatively concentrated, with the top 100 holding addresses holding approximately 44% of the Litecoin supply.

4. Transaction processing speed and gas fee

Litecoin's transaction processing speed is relatively fast, with one block generated every 2.5 minutes on average, and about 54 transactions can be processed per second. Its transaction fees are relatively low, making it suitable for small payments and high-frequency transactions. This efficiency and low fees make it more competitive in payment scenarios.

5. Technology and market trends

Litecoin's technical advantages include the use of the Scrypt algorithm, support for Segregated Witness (SegWit) technology, and plans to introduce the Lightning Network to further increase transaction processing speed and reduce transaction fees. These technological innovations lay the foundation for the future development of Litecoin.

6. Price range and resistance level

Litecoin is currently trading in a range of $90 to $130. Market analysts believe that once the Litecoin ETF is approved, its price is expected to break through the key resistance level of $130 and enter a new upward cycle.