The post Why is Litecoin (LTC) price up today? appeared on BitcoinEthereumNews.com.

Litecoin (LTC) has outperformed the broader crypto market vastly in the last 24 hours, rising over 9% to reach $127.85 on Feb. 27. LTC/USD four-hour price chart. Source: TradingView In contrast, the crypto market’s combined valuation has dropped by 3% amid a sour risk-on mood led by underwhelming Nvidia earnings and US President Donald Trump’s latest tariff announcements. Key drivers behind Litecoin’s gains include: Announcement of Litecoin’s own domain, “.ltc“ LTC’s rising strength against Bitcoin (BTC). Strengthening chart technicals. Litecoin announces official domain extension “.ltc“ Litecoin’s price gains today appear after the cryptocurrency’s official X handle announced the launch of its own domain extension. What to know: On Feb. 25, 2025, Litecoin announced the launch of its official domain extension, “.ltc,” in collaboration with Unstoppable Domains. Source: Litecoin Official X Handle Litecoin’s move mirrors Ethereum’s .eth domains, which have gained popularity as an essential part of Web3 identity solutions. With .ltc domains, users can register personalized blockchain-based addresses instead of relying on long alphanumeric wallet addresses. Domain extension should ideally make sending and receiving LTC payments seamless by reducing the chances of errors in transactions. LTC’s price has risen by approximately 22% since the domain extension announcement. LTC/USD daily price chart. Source: TradingView LTC’s strength against Bitcoin is improving Litecoin’s gains today are also due to its consistently strong performance against Bitcoin, which controls about 60% of the entire crypto market valuation. Key points: The LTC/BTC pair has climbed approximately 40% year-to-date. In comparison, Ether (ETH) and Solana (SOL) have plunged by over 24.45% and 20.50% against Bitcoin, respectively. LTC/BTC vs. ETH/BTC and SOL/BTC year-to-date performance chart. Source: TradingView Litecoin’s crypto market dominance has improved due to the ongoing exchange-traded fund (ETF) buzz. Ether and Bitcoin saw similar uptrends ahead of their spot ETF approvals in 2024. ETH/BTC daily chart…

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Filed under: News - @ February 27, 2025 7:19 pm