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Litecoin Price Eyes $128 Rally Amid LTC ETF Buzz, Top Experts Predict

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16 hours ago

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Litecoin price defied the broader crypto market turbulence on Monday, soaring nearly 7% amid recent advancements. The crypto saw renewed market interest fueled by the odds of an LTC ETF approval gaining weight. Further, with a leading crypto exchange expanding support for the token, investor sentiments about future performance remain optimistic. Notably, amid these bullish developments, a top crypto market expert further highlighted a potential $128 target looming for the token.

Analyst Predicts Litecoin Price Rally To $128 Amid ETF Buzz

Renowned market expert Carl Moon recently took to X, propelling immense bullishness for Litecoin price run ahead. Notably, per the analyst, LTC has bounced off the key support range at the $96 level and is now trading in the ascending triangle.

Litecoin PriceLitecoin Price
Source: Carl Moon, X

A sustained breakout above this triangle paves the way for a $128 price target ahead, per the analyst. LTC price traded at $113.65 as of press time, up roughly 7% intraday. The coin’s 24-hour bottom and peak were $102 and $113, respectively. Notably, the current trading session level is considerably above the mentioned support, projecting optimism on future movements.

Also, another crypto market analyst going by the name ‘XForceGlobal’ stated that ‘Litecoin is shaping up to be the next XRP.’ The analyst added that “The only missing piece is liquidity,” which could soon be witnessed, given the market sees an ETF-backed by the crypto soon.

LTC ETF Buzz Gains Traction

CoinGape previously reported that the US SEC is now seeking public comments on the conversion of Grayscale’s Litecoin Trust into an ETP (exchange-traded product). Notably, this development follows Grayscale‘s 19b-4 filing to convert its LTC Trust into an ETF.

Also, Coinshares submitted an S-1 form for the same. In light of these broader market advancements, investors remain bullish on Litecoin’s price ahead, as reaffirmed by market experts.

Binance Expands Support Solidifying Optimism

Meanwhile, crypto exchange giant Binance has recently expanded support for the mentioned token. According to an official announcement, the crypto exchange unveiled new Spot Grid and Spot DCA services for LTC/USDC on February 6.

As a result, traders remain optimistic about Litecoin price as enhanced offerings on one of the top crypto exchanges pave the way for further money inflow into the token’s ecosystem.

Derivatives Data Pours Additional Bullishness On LTC Price

Simultaneously, the derivatives market saw a surge of investors’ funds, adding bullishness over future movements. Coinglass data illustrated that LTC futures OI jumped nearly 11% to $551.13 million. Further, the derivatives market volume spiked 169% to $1.29 billion. In turn, market participants remain bullish on the chances of Litecoin price rally to $128, given that the broader crypto sector also recovers ahead.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Bitcoin and Toncoin Social Sentiment Jumps, Bull Run Ahead?

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8 minutes ago

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February 11, 2025

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After a massive run with memecoins over the past few weeks, the crypto community is returning back to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Toncoin (TON) and other Layer-1 protocols. According to data insight from Santiment, Layer-1 networks have collectively seeing 44.2% of social discussions on specific coins. This shift, the analytics firm imply might mean a potential return to the bull era.

Bitcoin, Toncoin and L1 Protocols Back In Limelight

According to Santiment on X, memecoins like Dogecoin, Shiba Inu and PEPE are currently being discussed less in the market. The platform attributed this shift to the recent volatility that pushed the dominance of speculative altcoin price behind.

The data giant acknowledged that Bitcoin and L1s like Ethereum and Toncoin are the foundational infrastructure in the industry. It noted that the increased focus on these assets by traders often signals market maturity. It hinted that an L1 focus is a sign investors are prioritizing security, innovation and real world adoption.

Per the Santiment insight, memecoin frenzies generally come before the market falls. Historically, it noted that speculative excesses often lead to sharp reversal when the hype has faded. 

However, it pointed out that this shift implies a more balanced market will emerge once the excessive leverage bets are wiped off.

Is Bitcoin, Toncoin and L1s Ready for Rally?

According to the Santiment projection, a shift away from memecoin is proof that the market might be tilting toward sustainable trends. It confirmed that the gambling mindset associated with memecoins is paving the way for better fundamentals.

This forecast aligns with speculations from analysts that the altcoin selling will stop soon, paving the way for rapid rebound. As of writing, BTC price was changing hands for $97,380.20, up 1.81% in 24 hours. The sentiment has also trickled down to Ethereum, Toncoin, and Cardano. These altcoins are up 1.44%, 0.56% and 3.30% to $2,668, $3.806 and $0.7172 respectively.

While it remains unclear whether the bull run is finally return, Santiment is optimistic the market is in a healthy cool-down period.

Altcoins With ETF In Spotlight

Altcoins like Solana, XRP, and Litecoin are in the spotlight owing to the growing push for spot ETFs to track their prices. As reported earlier by CoinGape, Grayscale has filed for Cardano ETF with the US SEC.

The growing number of crypto ETF applications has signaled that a massive adoption era is on enroute. With Bloomberg Senior ETF Analyst projecting high approval odds for Litecoin, Dogecoin, and Solana ETF, the market appears ready for a rebound.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Cardano Price at Critical Level as It Tests Strong Support

Published

1 hour ago

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February 10, 2025

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Cardano price is currently testing a crucial support zone between $0.67 and $0.81, a level that has previously played a vital role in determining price movements. This range has historically acted as both support and resistance, making it an important area for traders to monitor. The latest market movements suggest that ADA’s reaction to this level could influence its short-term price trajectory.

Cardano Price Tests Key Support Zone Between $0.67 and $0.81

In a recent post on X, analyst Ali Martinez highlighted the importance of the $0.67–$0.81 range for Cardano price. This level has been a significant point of reversal in previous market cycles. ADA has frequently bounced from this support zone, making it a critical point for traders.

The chart shared by Martinez shows multiple instances where this price range acted as both resistance and support. Historically, ADA has reversed from this level, suggesting that its current price action could determine the next trend. Traders are watching closely for confirmation of either a rebound or a breakdown.

Most recently, analyst Ali Martinez highlighted that Cardano price action mirrors its 2020 accumulation phase, which preceded a parabolic surge. According to Martinez, ADA has reclaimed key support levels, forming a structure similar to past breakout patterns. If this trend continues, Cardano could be poised for a rally to $15.

Potential for a Bullish Rebound if Support Holds

In addition, holding above this support range could indicate strength in the altcoin rally. If buying pressure increases at this level, ADA may establish a foundation for upward movement. Previous price reactions suggest that a bounce from this zone could lead to a rally.

Technical indicators such as the TD Sequential have flashed buy signals, hinting at a possible reversal. If ADA gains momentum above this range, the next altcoin rally to watch would be around $0.90 and $1.10 ADA level.

However, failure to hold the $0.67–$0.81 range could lead to a downward move in Cardano price. If ADA drops below this level, it may retest lower supports. The next potential support areas are around $0.55 and $0.48, which previously acted as consolidation zones.

Cardano Price Action

Adding to the altcoin rally, a top expert recently explained why ADA price may surge to $2.5 in the near term. The analyst highlighted ADA historical pattern of consolidation followed by parabolic rallies, suggesting that the current phase could precede a 250% breakout.

In other news, Cardano founder Charles Hoskinson continues to push back against narratives he views as misleading about Bitcoin and blockchain technology. He criticized USAID alleged funding of anti-Bitcoin content, emphasizing that decentralized finance is not tied to any political ideology.

Concurrently, these developments have intensified discussions around Cardano role in tracking government spending through blockchain. With its advanced decentralized technology and the recent Plomin hard fork enabling community governance, ADA is positioned as a strong contender for Elon Musk’s D.O.G.E. initiative.

At press time, Cardano price was $0.701, reflecting a 6% increase in the past 24 hours. The surge in trading volume, which has risen by 55% to $820.2 million, indicates growing market interest. Cardano market capitalization stands at $24.67 billion, up 2.92%, suggesting strong investor confidence.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Bitcoin Treasury Firm Metaplanet Is Japan’s Hottest Stock, Up 3,600%

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2 hours ago

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February 10, 2025

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With a dramatic shift to Bitcoin, a former hotel developer has transformed the investment landscape of Japan, causing a stir in Asia’s financial markets. Metaplanet Inc., which was previously recognized for its modest portfolio of hospitality properties, has undergone a remarkable transformation into Japan’s preeminent Bitcoin investment vehicle, providing shareholders with a 3,600% return over the past year.

The company’s market value has reached unprecedented heights as a result of the influx of retail investors attracted by the transformation.

How A Pandemic Failure Sparked A Crypto Renaissance

When the pandemic necessitated the closure of the majority of Metaplanet’s hotels, the gusts of change began to blow through its corridors. Simon Gerovich, the chief executive officer, recognized an opportunity in the crisis, leveraging his experience in trading at Goldman Sachs.

Top performing Japanese stocks in the last year. Source: TradingView

Was it his vision? To establish Japan’s response to the Bitcoin behemoths of the United States. In its treasury, the organization currently maintains 1,762 Bitcoin, which is valued at approximately $171 million.

However, Gerovich’s objectives extend far beyond these figures. The objective is ambitious: 21,000 Bitcoin by the conclusion of 2026.

Retail Investors Fuel The Frenzy

In 2024 alone, the company’s shareholder base has expanded by 500%, reaching nearly 50,000 investors. Despite the fact that institutional heavyweight Capital Group has taken a position, it is the everyday Japanese investors who are actually fueling this remarkable growth story.

For many first-time crypto investors, the chance to get exposure to Bitcoin through regular stock markets is very appealing. The introduction of Japan’s revamped Nippon Individual Savings Account program, offering tax-free stock investments, has added fuel to this fire.

BTCUSD trading at $97,607 on the daily chart: TradingView.com

From Hotel Rooms To Blockchain Dreams

Metaplanet is reimagining its final remaining property in a creative variation that connects its past and future. The “Bitcoin Hotel”, a hub for crypto enthusiasts and investors, will soon rebrand the Royal Oak hotel in Tokyo’s Gotanda District.

By fusing traditional hospitality with state-of-the-art finance, this creative idea aims to create a physical hub for Japan’s growing cryptocurrency industry.

Promises And Pitfalls

As part of its aggressive expansion plan, Metaplanet plans to issue 21 million new shares in order to raise $750 million in equity. This would mark Asia’s largest equity capital raise for Bitcoin acquisition.

Meanwhile, on the horizon, dark clouds loom. Six years of losses have muddled the company’s financials, but analysts expect a return to profitability in the upcoming quarter.

Featured image from Gemini Imagen, chart from TradingView





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