{"id":376077,"date":"2025-02-27T16:35:12","date_gmt":"2025-02-27T11:05:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/why-is-litecoin-price-up-7-today-despite-crypto-market-correction-crypto-news\/"},"modified":"2025-02-27T16:40:06","modified_gmt":"2025-02-27T11:10:06","slug":"why-is-litecoin-price-up-7-today-despite-crypto-market-correction-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/why-is-litecoin-price-up-7-today-despite-crypto-market-correction-crypto-news\/","title":{"rendered":"Why Is Litecoin Price Up 7% Today Despite Crypto Market Correction? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Defying the broader crypto market correction, Litecoin price is up 7% today surging all the way to $130 levels, and eyeing a potential breakout ahead. Furthermore, today\u2019s LTC pump comes with 60% in daily trading volumes hitting past $2.06 billion, hinting at a strong bullish undercurrent for the altcoin. Furthermore, investor sentiment remains bullish amid growing odds of spot Litecoin ETF.<\/p>\n<h2>Litecoin Price Eyes A Potential Breakout to $200<\/h2>\n<p>LTC has been one of the best-performing altcoins during the crypto market correction over the past month. While top altcoins like Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE) have corrected by 25-35% on the monthly chart, the Litecoin price has registered 14% gains during the same timeframe.<\/p>\n<p>Veteran trader <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/PeterLBrandt\/status\/1894887188309098719\" target=\"_blank\">Peter Brandt has identified<\/a> an intriguing chart setup for LTC, suggesting the potential for a profitable swing trade. As per the below Litecoin price chart shared by Peter Brandt, the altcoin is preparing for a flag-and-pole breakout.<\/p>\n<figure id=\"attachment_241341\" aria-describedby=\"caption-attachment-241341\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-241341\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCUSD.png\" alt=\"\" width=\"750\" height=\"600\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCUSD.png 636w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCUSD-300x240.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCUSD-150x120.png 150w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\"\/><\/noscript><figcaption id=\"caption-attachment-241341\" class=\"wp-caption-text\">Source: Peter Brandt<\/figcaption><\/figure>\n<p>As shown above, LTC had a significant uptrend from November to early December 2024, followed by a period of consolidation with several tests of both upper and lower boundaries. For Litecoin to kickstart a journey toward $200 levels, it must first break the crucial resistance of $140 where it has faced multiple rejections.<\/p>\n<p>Furthermore, the LTCBTC pair is showing a strong breakout after months of consolidation. The LTC\/BTC trading pair has broken upward following a three-month sideways trend, signaling Litecoin\u2019s relative strength compared to other altcoins.<\/p>\n<figure id=\"attachment_241346\" aria-describedby=\"caption-attachment-241346\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-241346\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"750\" height=\"406\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC.png 1835w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC-300x162.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC-1224x662.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC-768x416.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC-1536x831.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC-150x81.png 150w\" data-lazy-sizes=\"(max-width: 750px) 100vw, 750px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-241346\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC.png\" alt=\"\" width=\"750\" height=\"406\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC.png 1835w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC-300x162.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC-1224x662.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC-768x416.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC-1536x831.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/LTCBTC-150x81.png 150w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\"\/><\/noscript><figcaption id=\"caption-attachment-241346\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>Furthermore, today\u2019s Litecoin price surge comes with a 15% surge in LTC open interest shooting to $701 million, as per data from Coinglass. The surge in <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/litecoin-price-set-to-pump-or-dump-etf-speculation-heats-up\/\" target=\"_blank\" rel=\"noopener\">LTC open interest<\/a> suggests that traders are bullish about further price momentum in LTC from here onwards, amid rising odds of ETF approval.<\/p>\n<h2>ETF Expectations Riding the Momentum Amid Crypto Market Correction<\/h2>\n<p>The improving odds for the approval of a spot Litecoin ETF have been one of the key reasons that has kept investors interested in the altcoin. Interestingly, the odds of a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/will-litecoin-etf-advancements-push-ltc-price-above-200\/\" target=\"_blank\" rel=\"noopener\">Litecoin ETF approval<\/a> is a massive 90% as per Bloomberg analysts, much higher than Solana\u2019s 65% and XRP\u2019s 70% approval odds.<\/p>\n<p>During the recent Litecoin price correction to $106 last week, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/litecoin-whales-on-buying-spree-sack-930k-coins-amid-ltc-etf-buzz-whats-next\/\" target=\"_blank\" rel=\"noopener\">Litecoin whales<\/a> chipped in to buy the dip and drive LTC higher. On the other hand, the Litecoin foundation has continued with further developments within the ecosystem.<\/p>\n<h2>.LTC Domains Launched<\/h2>\n<p data-start=\"75\" data-end=\"354\">Litecoin, known for its fast and low-cost transactions over the past decade, has introduced its own official domain extension: .LTC. Developed in collaboration with Unstoppable Domains and the Litecoin Foundation, this new feature offers users a personalized on-chain identity.<\/p>\n<p data-start=\"356\" data-end=\"628\" data-is-last-node=\"\" data-is-only-node=\"\">The .LTC domains simplify cryptocurrency payments and enhance connectivity within the Litecoin community, providing a seamless way to engage with the ecosystem.<\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new wp_new\" aria-label=\"whatsapp\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/why-is-litecoin-price-up-7-today-despite-crypto-market-correction\/\" target=\"_blank\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new tw_new_logo\" aria-label=\"Twitter\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/why-is-litecoin-price-up-7-today-despite-crypto-market-correction\/\" target=\"_blank\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/ea9be3e93a34c5e53da957afa38c8a81?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/ea9be3e93a34c5e53da957afa38c8a81?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ea9be3e93a34c5e53da957afa38c8a81?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ea9be3e93a34c5e53da957afa38c8a81?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>Bhushan Akolkar  <\/p>\n<\/p><\/div>\n<p>Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.                     <\/p>\n<\/p><\/div>\n<p>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.<\/p>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-important-highlights-from-the-recent-fed-meeting\/?utm_source=post&utm_medium=web-story\" target=\"_blank\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" 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https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">5 Reasons behind Mega Bank\u2019s 2024 Ethereum Price Prediction <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Defying the broader crypto market correction, Litecoin price is up 7% today surging all the way to $130 levels, and eyeing a potential breakout ahead. Furthermore, today\u2019s LTC pump comes with 60% in daily trading volumes hitting past $2.06 billion, hinting at a strong bullish undercurrent for the altcoin. Furthermore, investor sentiment remains bullish amid [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":376081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-376077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/376077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=376077"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/376077\/revisions"}],"predecessor-version":[{"id":376083,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/376077\/revisions\/376083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/376081"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=376077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=376077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=376077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}