NewsBTC

27 February 2025

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Litecoin Maintains Resilience Below $140 Despite Market Downturn

Litecoin is currently consolidating below the $140 level, demonstrating resilience amid a broader market downturn. Key points include:

• LTC dropped by 18% during a recent market breakdown but managed to reclaim important price levels.
• Analyst Daan highlighted Litecoin's relative strength, noting it could rally significantly if the market recovers.
• A breakout above $140 is critical; reclaiming this level may trigger an aggressive upward move.
• LTC is trading at $129 after reaching a low of $106, with resistance at $140 since early December.
• Market sentiment remains cautious, influencing LTC's ability to maintain support above $130.

Litecoin's current consolidation phase may precede a major move, depending on market conditions and buying pressure linked to the growing ETF narrative. A decisive break above $140 would indicate a new bullish phase for LTC.