LTC Price Prediction: Will Litecoin Hit $224 in March Amid Growing Demand?

• Litecoin’s price surge is fueled by increasing address activity and anticipation of a possible ETF approval, with $200+ predictions by April.
• Whale transactions and technical indicators point to continued bullish momentum for LTC, with $130 resistance crucial for further gains.

Litecoin (LTC) has seen strong price movements recently, sparking speculation about its future price trends. After outperforming major digital assets like Bitcoin and Ethereum in February, Litecoin has gained attention for its ability to continue this upward trajectory. As Litecoin addresses experiencing a surge in activity and the possibility of a Litecoin ETF approval looms, many analysts predict a rally toward $200 or even $224 by April.

In a month when the general crypto market faced setbacks, Litecoin stood out with a relatively strong performance. While Bitcoin experienced a 17.3% correction and Ethereum saw a 31% decline, as noted by ETHNews, Litecoin ended February in the green, rising 1%. This has raised hopes about LTC’s possibility as it gained 25% against Bitcoin in February, according to data from analytics platform Santiment.

Source:  Santiment

LTC’s current price, hovering around $125, has increased 5.33% over the past 24 hours. This performance stands out amid fluctuating market conditions, hinting at ongoing interest in the token. Market analysts suggest that if LTC can break through the key resistance level at $130, it may open the way for a further rally, possibly reaching $200 or higher.

Source: CoinMarketCap

Surge in Litecoin Address Activity

One of the driving forces behind Litecoin’s recent price movement is the increase in address activity. Litecoin has seen a rise in user engagement as investors show greater interest in the token. This is alarming, considering the current market uncertainty and the lower-than-usual trading volumes.

However, the possibility of a Litecoin ETF approval has also fueled this surge. According to our previous report , there is a 90% chance that the SEC could approve a Litecoin ETF in 2025. If Litecoin follows in the footsteps of Bitcoin and Ethereum, which have seen success with their ETFs, it could bring in additional institutional demand, further raising LTC’s price.

On-chain data indicates that large investors, or whales, have contributed to Litecoin’s recent surge. Whale transactions increased when the crypto market faced a downturn following geopolitical developments, such as Trump’s tariff announcement.

Additionally, IntoTheBlock data shows that whales transacted 75.5 million LTC during this period. By mid-week, this number rose to 84.8 million LTC, worth approximately $900 million at current prices. This shows that whales took advantage of the market dip to accumulate Litecoin, suggesting strong institutional confidence in LTC.

Source: IntoTheBlock

Key Resistance Levels and Future Price Outlook

Litecoin must break through the crucial resistance level at $130 to continue its upward momentum. If LTC can maintain support above this level, the next phase of the rally could push it toward $200 or even $224, as predicted by CoinCodex.

However, some analysts caution that short liquidations rather than fundamental shifts could influence recent price movements. Despite this, the technical indicators for LTC, including the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI), show signs of bullish momentum, suggesting a continued positive outlook in the short term.

Source: TradingView