How High Will Litecoin (LTC) Rise In February 2025?
Litecoin (LTC) was one of the earliest cryptocurrencies to enter the market. Despite its popularity and growth rate back in the day, LTC took a backseat during the last few years. The altcoin was sidelined as the market welcomed a plethora of new assets. This, however, did not stop the asset from making a comeback. The news of a Litecoin exchange-traded fund (ETF) garnering approval has put LTC under the spotlight. Can the altcoin bank on this momentum and surge this month?
Also Read: Crypto.com Gets Regulatory Green Light for EEA-Wide Crypto Services
Litecoin’s Rise and Fall
The entire market was painted red, at press time. Most assets were recording a massive drop in price. Litecoin was one among them. After rallying by more than 10% in a single day, LTC was seen experiencing a decline of similar magnitude. During the time of writing, the altcoin was trading at $116.67 following a nearly 10% drop over the past 24 hours.
LTC’s monthly returns stand at 17.38%. Despite this notable growth of the altcoin, it remains 71% below its all-time high. Litecoin hit a peak of $412.96 about four years ago in 2021.
But the chances of the asset reclaiming this peak were heightened. ETF analysts at Bloomberg said there is a 90% probability the US Securities Commission would approve a spot Litecoin ETF before the year is out.
Also Read: Top 3 Cryptocurrencies That Could Get ETFs Soon
February Price Prediction
Data from CoinCodex revealed that the altcoin is set to record a notable increase. However, the chances of LTC reclaiming its peak were highly unlikely. According to the firm, Litecoin might increase by up to 6.32% in February, reaching an average price of $124.21 for the month. The range of the expected price variation is between $103.80 and $148.97. When compared to the present price, this trend can provide a potential return of 27.50%.
Also Read: Fed Chair Powell Asserts: No Digital Dollar (CBDC) Launch During His Tenure
Read More
How High Will Litecoin (LTC) Rise In February 2025?
Litecoin (LTC) was one of the earliest cryptocurrencies to enter the market. Despite its popularity and growth rate back in the day, LTC took a backseat during the last few years. The altcoin was sidelined as the market welcomed a plethora of new assets. This, however, did not stop the asset from making a comeback. The news of a Litecoin exchange-traded fund (ETF) garnering approval has put LTC under the spotlight. Can the altcoin bank on this momentum and surge this month?
Also Read: Crypto.com Gets Regulatory Green Light for EEA-Wide Crypto Services
Litecoin’s Rise and Fall
The entire market was painted red, at press time. Most assets were recording a massive drop in price. Litecoin was one among them. After rallying by more than 10% in a single day, LTC was seen experiencing a decline of similar magnitude. During the time of writing, the altcoin was trading at $116.67 following a nearly 10% drop over the past 24 hours.
LTC’s monthly returns stand at 17.38%. Despite this notable growth of the altcoin, it remains 71% below its all-time high. Litecoin hit a peak of $412.96 about four years ago in 2021.
But the chances of the asset reclaiming this peak were heightened. ETF analysts at Bloomberg said there is a 90% probability the US Securities Commission would approve a spot Litecoin ETF before the year is out.
Also Read: Top 3 Cryptocurrencies That Could Get ETFs Soon
February Price Prediction
Data from CoinCodex revealed that the altcoin is set to record a notable increase. However, the chances of LTC reclaiming its peak were highly unlikely. According to the firm, Litecoin might increase by up to 6.32% in February, reaching an average price of $124.21 for the month. The range of the expected price variation is between $103.80 and $148.97. When compared to the present price, this trend can provide a potential return of 27.50%.
Also Read: Fed Chair Powell Asserts: No Digital Dollar (CBDC) Launch During His Tenure
Read More