Litecoin (LTC) significantly outperformed the broader crypto market in the last 24 hours, reaching over 9% to $127.85 on February 27th.
LTC/USD 4-hour price chart. Source: TradingView
In contrast, Crypto Market’s total rating fell by 3% amid overwhelming Nvidia revenue and a sour risk-on mood led by US President Donald Trump’s latest tariff announcement.
The key drivers behind Litecoin’s profits are:
Litecoin’s own domain announcement, “.ltc”
Increased strength of LTC against Bitcoin (BTC).
Enhanced chart technology.
Litecoin announces official domain expansion.
Litecoin’s price profits are displayed after Cryptocurrency’s official X handle announces the launch of its own domain extension.
What I Know:
On February 25, 2025, Litecoin announced the release of its official domain extension, “.ltc,” in collaboration with the Unstoppable Domain.
Source: Litecoin’s official X handle
Litecoin’s Move reflects Ethereum’s .ET domain, which has gained popularity as an important part of the Web3 Identity solution.
Using the .LTC domain, users can register personalized blockchain-based addresses instead of relying on long alphanumeric wallet addresses.
Domain extensions ideally send and receive LTC payments seamlessly by reducing the likelihood of transactional errors.
LTC prices have risen about 22% since the announcement of the domain expansion.
LTC/USD Daily Price Chart. Source: TradingView
LTC strength against Bitcoin has been improved
Litecoin’s profit today comes from its consistently strong performance against Bitcoin, which manages around 60% of the overall valuation of the Crypto market.
Key Points:
The LTC/BTC pair has risen by about 40% since the start of the year.
In comparison, Ether (ETH) and Solana (SOL) have plummeted over 24.45% and 20.50% against Bitcoin, respectively.
Performance charts for LTC/BTC vs. ETH/BTC and SOL/BTC years. Source: TradingView
Litecoin’s crypto market domination was improved by the continuous exchange sales fund (ETF) buzz.
Ether and Bitcoin saw similar uptrends prior to the approval of the SPOT ETF in 2024.
Eth/BTC Daily Chartft. Uptrends before approval of EtherETF in July 2024. Source: TradingView
Earlier in February, Bloomberg senior ETF analyst Eric Bulknath noted that there is a 90% chance that Litecoin ETF will be approved in 2025.
On the polymer betting platform, the probability of approval of a Spot Litecoin ETF until the end of 2025 was 75% as of February 27th.
Litecoin ETF approved odds by 2025. Source: Polymarket
On February 19, the Securities and Exchange Commission approved the CoinShare spot Litecoin filing ETF.
Litecoin Hashrate is rising
Litecoin has bounced back to downward trends in markets as the network foundations are strengthened, miners accumulate, and hashrates reaching new highs.
especially:
Litecoin Hashrate chart. Source: Coinwarz
Related: Litecoin Txs Surge in 5 months amid ETF hype 243%: santiment
Litecoin Miner Reserve Chart. Source: TradingView/Recontour
It maintained a demand position LTC due to reduced sales of miners, increased network strength and potential for further upsides.
LTC is now looking at $360
Litecoin’s today’s profits are part of its common reverse head and shoulder (IH&S) pattern, a classic bull inversion setup that shows potential breakouts.
Important takeouts:
IH&S is a technical pattern formed after a downtrend and composed of three important troughs. It forms under the resistance of the neckline on the left shoulder, head and right shoulder.
This pattern resolves when the price breaks decisively above the neckline and rises as much as the maximum distance between the head trough and neckline.
LTC/USD 4-hour price chart. Source: TradingView
As of February 27th, Litecoin formed the right shoulder of the pattern, noting a breakout above the neckline resistance of about $130.
The resulting target is around $160, suggesting a potential gathering by March if the breakout is maintained.
Over $130 can lead to lower support levels near the 50-4H EMA ($123.80) and closer to the 200-4H EMA ($120.41).
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
