As the cryptocurrency market shows signs of recovery in the first days of 2025, Litecoin (LTC), a well-established altcoin secured by the Proof-of-Work (PoW) consensus mechanism, is showing promise for further growth.
With a fully diluted valuation of about $8.9 billion and a 24-hour average trading volume of $575 million, Litecoin has gained around 8% in the first two days of the year. By Thursday, January 2, LTC was trading at approximately $105.8 during the mid-London session.
Let’s dive deeper into LTC’s recent performance and what lies ahead.
After a 54% price increase in Q4 2024, Litecoin appears poised to push toward its all-time high. Over the past week, LTC has been testing a macro bullish breakout, with strong support holding above the $100 level.
In the short term, Litecoin’s price could move in either direction, although bearish sentiment currently holds the advantage. For the past four weeks, LTC has been forming lower highs and lower lows, consistently closing below its 50-day Moving Average (MA).
That said, traders should look for a bullish breakout if LTC can close above $129 for a sustained period.
The Litecoin network is expanding rapidly, now with over 7.8 million on-chain users and more than 283,000 transactions since its inception. In 2024, the network processed over 92 million transactions, marking a 38% year-over-year (YoY) growth.
Litecoin remains a popular choice for cross-border payments, thanks to its fast transaction speed and low fees under $0.01. With ongoing mainstream adoption, as seen through multiple LTC spot ETFs filed in 2024, the altcoin is well-positioned for continued growth in the years ahead.
With strong fundamentals and a growing user base, Litecoin’s journey in 2025 could prove to be one of the most exciting in the altcoin market.
Litecoin is poised for growth, with potential to reach new highs, especially if it breaks above $129, confirming a bullish trend.
Litecoin is benefiting from a rapidly growing user base, low fees, fast transactions, and strong fundamentals, driving its price growth.
Litecoin is favored for cross-border payments due to its fast transaction speed, low fees (under $0.01), and growing mainstream adoption.
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