The post LTC ETF Speculation Grows—Can Litecoin Rally to $128? appeared on BitcoinEthereumNews.com.

Litecoin was the highest gainer in the top 100 coins over the past day, with its 10% rise propelling the price to $117 despite a broader industry dip. Analysts noted that LTC had broken out of an ascending triangle and is now surging toward $128, with the impending ETF approval expected to give the token a massive tailwind. While the rest of the digital asset market traded sideways, and some, like Shiba Inu and Cardano, dipped marginally, Litecoin started the week on a high, leading the top 100 coins in gains, as analysts target further upside this week. At press time, LTC trades at $116.68, gaining 9.6% over the past 24 hours as volume surged 140% to hit $1.1 billion, its highest over the past week.  The token’s market cap stands at $8,78 billion at press time, making it the 19th highest in the industry ahead of Hyperliquid. Litecoin’s overnight gains to start the week brought its total gains for the past 7 days to 18%. It also defied an industry slowdown in trading momentum, with the combined market cap only gaining 0.28% to stand at $3.19 trillion. Bitcoin, Ethereum, XRP, and BNB all gained less than 0.3%. It’s a welcome change for Litecoin holders, who, early last week, saw the coin dip below its 200-week  Exponential Moving Average of $86.22 before a quick rebound. LTC’s revival in the latter days of the week has seen its technical indicators reverse to bullish, with its Relative Strength Index over the past day at 54; on the four-hour chart, the RSI is at 69, indicating investors are quite bullish on LTC’s price. The long-to-short ratio on Coinalyze is at 1.9 for the past day; a reading above 1 is considered bullish as it shows more traders are betting long on an asset…

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Filed under: News - @ February 10, 2025 5:20 pm