Litecoin (LTC), the cryptocurrency known as the "silver" of the digital ecosystem, led market gains on Monday with an 11.26% rise, reaching $119.27. This boost for Litecoin (LTC) is due to an ETF application filed by Grayscale and its recognition by the SEC. In addition to its revolutionary technology in cross-border payments, which caught the attention of the G20 and the European Central Bank (ECB).
Litecoin (LTC) broke above the 50-day exponential moving average (EMA50) at $110, a level that acted as dynamic resistance / Tradingview
This Monday, Litecoin (LTC) surpassed the 50-day exponential moving average (EMA50) at $110, a level that acted as dynamic resistance. This move suggests a bullish scenario, with the price aiming towards the fixed resistance zone at $137, an area it rejected to the upside on two previous occasions (December 2024 and January 2025). Analysts note that if trading volume continues to exceed the 25-day average, LTC could attempt a third test or even break this key level.
One of the key factors behind the Litecoin (LTC) rally is the growing institutional interest. Recently, Grayscale filed an ETF application with the SEC, which is officially recognized. Furthermore, in October 2024, Canary Capital, led by cryptocurrency expert Steven McClurg, filed an S-1 for the first Litecoin ETF. If approved, this ETF would provide institutional and retail investors with direct exposure to LTC, which could further boost its price.
The Litecoin Foundation recently published a report on its website about the potential of LTC. The European Central Bank (ECB) published a document in 2022 entitled "Towards the holy grail of cross-border payments", where it describes the need for a solution that is immediate, cheap, universal and secure. Litecoin seems to meet these requirements:
Immediacy: Transactions in 2.5 minutes.
Low cost: Average fees of less than $0.01.
Universal reach: More than 300 million transactions worldwide.
Security: 4,832 consecutive days without hacks or interruptions.
These characteristics position Litecoin as a proven, decentralized solution for financial inclusion, especially for the 1.4 billion people without access to bank accounts.
Litecoin has recorded gains of 68.70% over the past 12 months and 88.27% over the past six months. Its consolidation in a range between $100 and $137 since December 2024 set the stage for a potential bullish rally. With the 50-, 100-, and 200-day moving averages perfectly aligned upwards, market sentiment is bullish.
LTC is not only gaining ground in the crypto market, but it is also capturing the attention of global institutions and regulators. With its innovative technology and the potential of an ETF on the horizon, Litecoin could be preparing for a new milestone in its history. Will this be the moment when Litecoin finally breaks the $137 barrier? The market is watching.
Disclaimer: This news is for informational purposes only and does not constitute financial advice. Cryptocurrencies are volatile assets; invest with caution and do your own research before making decisions.