$LTC

Litecoin faces major rejection at $130 amid widespread profit-taking.

Litecoin has exhibited strong price action in the second half of February, mirroring the broader cryptocurrency market’s volatility.

The altcoin surged over 42% in the past two weeks, reaching a high of $130 following the US SEC’s confirmation of Bitwise’s LTC ETF filing.

This rally aligns with the growing optimism surrounding the SEC’s acknowledgment of Dogecoin (DOGE) and XRP ETF filings on February 14.

The increasing probability of a Bitcoin ETF approval—estimated at 90% by Polymarket bettors—has further fueled bullish sentiment across the market.

However, as is often the case during euphoric price breakouts, strategic traders capitalized on the gains, triggering a profit-taking wave.