Current Price Overview
As of February 28, 2025, Litecoin (LTC) is trading at $118.17 USD, reflecting a decrease of $10.76 (approximately 8.35%) from the previous close. The day’s trading range ltc price has seen a high of $131.93 and a low of $114.31.
Market Capitalization and Trading Volume
Litecoin’s current market capitalization stands at approximately $9.67 billion USD, positioning it as the 15th largest cryptocurrency by market cap. The 24-hour trading volume is around $1.92 billion USD, indicating active trading and liquidity in the market.
Recent Price Movements
Over the past week, Litecoin has experienced a 35% surge, reaching as high as $131.50 on certain exchanges. This upward momentum has been partly attributed to significant accumulation by miners, who have added approximately 140,000 LTC (worth around $18 million) to their reserves between December 10 and December 16, 2024. Such miner activity often signals bullish trends, as it reduces the immediate supply of LTC in the market.
Technical Analysis
Currently, Litecoin is testing a key resistance level at $127. A successful breakout above this threshold could pave the way toward the $135 mark, with the next major target being $150. Conversely, critical support is identified at $118; a decline below this level might trigger a correction toward $100.56. Traders should monitor these levels closely to inform their strategies.
Litecoin in Pakistani Rupee (PKR)
For investors in Pakistan, the current price of Litecoin is approximately ₨33,990.31 PKR. This reflects a 5.1% decline over the past 24 hours. The value of LTC in PKR has seen a 0.8% increase compared to its value seven days ago, indicating some resilience amidst market fluctuations.
Conclusion
Litecoin’s recent performance showcases both opportunities and challenges. The significant miner accumulation suggests confidence in LTC’s potential, yet traders should remain vigilant of key support and resistance levels to navigate potential volatility. As always, conducting thorough research and staying informed about market developments is crucial for making informed investment decisions.