Litecoin’s native token, LTC, has been gaining attention from cryptocurrency enthusiasts lately. Despite the overall bearish sentiment in the market on February 19, 2025, LTC has managed to outperform major assets like Bitcoin (BTC), Ethereum (ETH), and XRP with a 4.5% increase.
Litecoin (LTC) Price Momentum
Currently trading above $128.20, LTC has defied the bearish trend and even surpassed Avalanche (AVAX) and Sui (SUI). This impressive performance has attracted significant interest from investors and traders, resulting in a 27% surge in trading volume.
However, data from spot inflow/outflow by on-chain analytics firm Coinglass suggests that long-term holders are potentially selling off over $2.3 million worth of LTC tokens, indicating a different sentiment among this group.
It appears that investors are taking advantage of the recent price surge for profit booking, which could lead to selling pressure and a further decline in price.
LTC Technical Analysis and Upcoming Level
With LTC approaching its crucial resistance level of $140, there is a possibility of a bullish price action. Expert technical analysis indicates that breaching this level could lead to a 30% increase, pushing LTC to $182.50. However, failure to surpass this resistance may result in a price drop back to the $100 level.
Given LTC’s recent strong performance, it remains to be seen whether it can break through this resistance level and continue its upward trajectory in the near future.
