Litecoin Surges 14%; Analysts Predict Move Toward $128

Litecoin (LTC) has increased by 14% amid market volatility, recovering from a low of $102 to stabilize above the $120 support zone.

LTC is currently priced at $127, nearing the key level of $128.
The cryptocurrency has risen 25% over the last 30 days while Bitcoin and others have faced declines.
A brief dip to $105 on February 10 indicated strong buyer demand.

Potential for Further Gains

Market analysts suggest that if Litecoin breaks through $128, it could move towards $150 or $170.
Historical performance during pre- and post-halving cycles supports positive sentiment.
Speculation regarding a potential Litecoin ETF, with a 90% likelihood of approval, is driving interest.

If approved, an ETF would facilitate institutional investment, leading to significant asset inflows.

Litecoin's ability to surpass the $128 mark is being closely monitored by traders. If favorable market conditions persist, further gains may follow.