Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Litecoin Market Update: Bearish Trends, Whale Moves and ETF Hopes

Litecoin Market Update: Bearish Trends, Whale Moves and ETF Hopes

CoinspeakerCoinspeaker2025/02/23 16:00
By:By Vishal Dixit Edited by Julia Sakovich

Litecoin, the quick-to-rise crypto over the past week, hits the top. A bullish failure to break the $138 supply zone results in another negative cycle. Will the increased interest of whales in Litecoin amid ETF approval chances revert the downfall for a breakout rally?

Key Notes

  • Whale concentration in Litecoin has risen from 7.72M to 8.24M LTC in six months.
  • Large Litecoin transactions surged over 200%, reaching $10.57B in six months.
  • Non-retail holders control 48.73% of Litecoin supply, signaling strong market hands.
  • PolyMarket data shows an 84% chance of Litecoin ETF approval in 2025, up from 39%.

With Bitcoin BTC $95 762 24h volatility: 0.5% Market cap: $1.90 T Vol. 24h: $21.21 B struggling to hold the bullish grounds, Litecoin LTC $123.5 24h volatility: 3.7% Market cap: $9.32 B Vol. 24h: $769.24 M and the crypto market are witnessing a sudden bearish hit. As a close cousin of Bitcoin, Litecoin’s market value dropped by 1.74% in the past 24 hours to reach a market price of $124.77.

With the short-term pullback, the market cap is now down to $9.42 billion. As the declining trend gains momentum, is the LTC price trend bound to retest the $100 level?

Litecoin Holders Remain Strong

As per data from IntoTheBlock , the large holders netflow in Litecoin over the past six months has remained mostly positive. This is except for a single plunge during the early February downfall.

Litecoin Market Update: Bearish Trends, Whale Moves and ETF Hopes image 0

Over the past 90 days, the change remains at +2.26%, with a current net flow of +121.12k LTC.

Whale Accumulation Continues to Grow

Along with the positive inflow, the historical concentration in Litecoin over the past six months revealed a surge in whale concentration. Currently, whales dominate 10.81% of Litecoin’s supply, holding 8.24 million Litecoins.

Litecoin Market Update: Bearish Trends, Whale Moves and ETF Hopes image 1

The retail holding has increased to 39.1 million LTC, while investors hold 28.92 million LTC. The whale concentration in the past six months has increased from 7.72 million LTC to 8.24 million LTC.

However, the short-term downfall is supported by a significant drop in whale holdings over the past 30 days by 16.34%.  Nevertheless, the investor’s 30-day change has risen by 4.91%.

Currently, the non-retail concentration stands at 37.16 million LTC, accounting for 48.73% of the Litecoin supply. This indicates the dominance of stronger hands in the market, influencing the Litecoin price trend.

Litecoin Large Transactions Witness a 200% Surge

Finally, large transactions over the network have significantly increased, and so has the transaction volume. In the past six months, the total volume of large transactions over the network has risen from $3.12 billion to $10.57 billion.

Litecoin Market Update: Bearish Trends, Whale Moves and ETF Hopes image 2

This marks a significant rise of more than 200% in the past six months. Thus, the growing interest in the Litecoin network and the increased whale concentration support a possible comeback in Litecoin amid the increasing progress of the Litecoin ETF.

Litecoin ETF Approval in 2025 Chances Hit 84%

As per PolyMarket , the chances of Litecoin ETF approval in 2025 have significantly increased. PolyMarket users hint at an 84% chance of a Litecoin ETF getting approved this year.

Litecoin Market Update: Bearish Trends, Whale Moves and ETF Hopes image 3

This has surged from 39% in early January, indicating a significant rise in investor confidence.

LTC Price Analysis: A Sideways Trend with Bearish Pullbacks

In the daily chart, the LTC price trend reveals a sideways shift. Bound between the two crucial horizontal zones at $98 and $136, a consolidation arises.

Litecoin Market Update: Bearish Trends, Whale Moves and ETF Hopes image 4

With an intraday pullback of 3.93%, a bearish engulfing candle has entered the price range, undermining Sunday’s recovery of 3.12%. Amid the increasing bearish influence, the daily RSI line has also declined towards the halfway line.

As the selling pressure continues, the increased supply pressure in Litecoin warns of a negative cycle to retest the 200-day EMA near the low-boundary zone at $98.

Projecting similar ideas, Ali Martinez, a crypto analyst, highlighted a significant price shift in Litecoin. As per his latest tweet, Ali Martinez reveals a similar sideways shift in Litecoin with a pullback from the $135 resistance level.

#Litecoin $LTC faced rejection at the $135 resistance, which could lead to a pullback toward support at $98! pic.twitter.com/UchvWgc6G8

— Ali (@ali_charts) February 23, 2025

 

As per the analyst, this pullback could lead to a retest of the $98 support level. However, unlike previous trends, Litecoin’s network growth has shown significant improvement.

In case of continued network growth and whale support, the bull run in LTC price could breach the overhead ceiling. A breakout rally above $140 will put the $150 and $200 psychological levels on bullish radars.


Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

 
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

SPX6900's Bearish Downturn and Whale Activity: Is the Meme Coin Set for a Critical Breakdown?

- SPX6900 (SPX) has dropped 22% to $1.97 as whale selling, weak technicals, and bearish derivatives signal a critical breakdown. - Whale activity shows profit-taking via large sales, with 134 whale transactions on June 9 and a $4.46M dump on July 20 triggering price declines. - Technical indicators (EMA, RSI, MACD) and derivatives data (12% open interest surge) confirm deteriorating momentum and short-position dominance. - Meme coin's volatility and lack of fundamentals amplify risks; investors advised to

ainvest2025/08/27 12:57
SPX6900's Bearish Downturn and Whale Activity: Is the Meme Coin Set for a Critical Breakdown?

The $5 Trillion Crypto Shift: Ethereum, Hyperliquid, SUI, and the High-Risk Allure of XYZVerse

- The $5 trillion crypto shift is driven by Ethereum’s institutional adoption, Hyperliquid’s trading infrastructure, SUI’s long-term potential, and XYZVerse’s speculative appeal. - Ethereum’s ETF inflows and staking dominance (35.7M ETH staked) solidify its role as a reserve asset for institutions. - Hyperliquid’s $29B daily volume and hybrid model bridge DeFi and institutional liquidity needs. - SUI’s 21.71% 6-month gain and institutional adoption highlight its scalable infrastructure potential. - XYZVers

ainvest2025/08/27 12:57
The $5 Trillion Crypto Shift: Ethereum, Hyperliquid, SUI, and the High-Risk Allure of XYZVerse

The Case for XRP, Dogecoin, and Pepe in the Upcoming Bull Run

- XRP gains institutional traction post-SEC legal resolution, with ETF approvals and cross-border partnerships boosting regulated adoption. - Dogecoin maintains cultural relevance through meme-driven momentum, though its high-beta profile suits risk-tolerant investors. - Pepe Coin (PEPE) embodies speculative volatility, relying on social media hype and community sentiment for price swings. - Tapzi (TAPZI) emerges as a presale utility-driven project, blending gaming innovation with blockchain to attract bot

ainvest2025/08/27 12:57
The Case for XRP, Dogecoin, and Pepe in the Upcoming Bull Run

The Strategic Case for Cold Wallet (CWT): Early Participation as a Path to Long-Term Value in a Fragmented Crypto Market

- Cold Wallet (CWT) combines cashback rewards, tiered incentives, and institutional-grade security to create a sustainable crypto ecosystem. - Its 150-stage gamified model offers escalating gas rebates (up to 100%) and governance rights, with token prices projected to rise 3,423% by listing. - Deflationary tokenomics (90% presale lock, 40% liquidity allocation) and audits by Hacken/CertiK reinforce trust in a volatile market. - A 25% referral reward pool and Plus Wallet's 2M users accelerate network effect

ainvest2025/08/27 12:57
The Strategic Case for Cold Wallet (CWT): Early Participation as a Path to Long-Term Value in a Fragmented Crypto Market