Litecoin Strengthens Amid Market Pump: Is a $100 Breakout Possible?

Author

Jimmy Aki

Author

Jimmy Aki

About Author

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news...

Author Profile

Share

Copied

Last updated:

April 10, 2025 15:33 EDT

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Litecoin surged 8% to an intraday high of $78.04 on Thursday, tracking broader market gains after U.S. President Donald Trump announced a 90-day pause on most newly imposed tariffs.

The decision—part of a broader economic stance that kept a 10% baseline tariff but sharply raised duties on Chinese goods—boosted investor sentiment across both traditional and crypto markets.

Litecoin responded with one of the strongest moves among major altcoins.

Resilience Amid the Noise: Litecoin’s Enduring Legacy

A recent CoinShares report noted that Litecoin($LTC) remains one of the few cryptocurrencies still active after multiple market cycles.

Out of over 24,000 tokens launched since 2014, $LTC is among the longest-running.

Data from BitPay shows that Litecoin has been used in the highest number of transactions on the platform for the past 22 months.

In March, Fidelity added Litecoin to its no-fee crypto IRA offering. The addition allows users to include Litecoin in tax-advantaged retirement accounts.

Analysts See 90% Approval Odds for LTC ETF in 2025

In February, Litecoin was added to the Depository Trust and Clearing Corporation (DTCC) ETF eligibility list, a standard procedural step for assets considered for exchange-traded products.

On March 18, asset manager Hashdex filed an amendment with the U.S. Securities and Exchange Commission (SEC) to include Litecoin in its Nasdaq Crypto Index US ETF.

Bloomberg analysts James Seyffart and Eric Balchunas estimated a 90% probability of approval for a Litecoin ETF by the end of 2025, based on regulatory developments and similar filings.

Technical Outlook: $LTC in Descending Channel with $100 Resistance in Sight

At the time of writing, $LTC is trading at $73.70, reflecting a 4% intraday increase.

Despite the short-term uptick, the broader trend remains downward, with a pattern of lower highs and lower lows since $LTC peaked above $140 in late 2024.

In early March, $LTC tested the $100 resistance level but failed to hold, triggering a decline that paused near $65.

The $60 to $68 range is now considered a potential support zone. However, momentum indicators remain weak, with the RSI Divergence Indicator signaling a bearish trend earlier in the move.

A move above $80 would be required to challenge the current structure. If sustained, this could create conditions for a retest of the $100 resistance area.