Litecoin (LTC) made a big comeback in 2024. With rumors about an LTC exchange-traded fund (ETF) garnering approval surfacing, the bearish momentum from last year was carried into 2025 as well. Throughout the past 12 months, the altcoin has recorded a massive surge of 76.53%. The asset went from trading at a low of $50.43 all the way to a high of $146.61. While the community assumed that LTC would claim $200, the asset was moving slower than expected.
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Litecoin’s Meteoric Rise
Litecoin emerged as the top performer of the day, with a massive surge of 10.38% over the past 24 hours. The altcoin was priced at a low of $109.31 just earlier today. But soon, LTC jumped to a high of $127.07. At the time of writing, the altcoin was trading at $123.39.
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Several factors have fueled the growth of LTC. The likelihood that the U.S. Securities and Exchange Commission (SEC) would approve an ETF based on Litecoin is 90%, according to Bloomberg analysts James Seyffart and Eric Balchunas. This prediction left the community looking at LTC through a bullish lens. More recently, Santiment noted that LTC handled $9.6 billion in daily transactions, a startling 243% growth from only five months ago.
March Price Prediction
According to data from CoinCodex, March is expected to be a bullish month for Litecoin. But the chances of the altcoin reaching $250 were diminished. The firm revealed that in comparison to present rates, analysts predict that LTC’s price will increase by 19.11% in March. The maximum price that the asset will trade at stands at $193.21. Sadly, this is a far cry from the desired $250 mark. In addition, the average trading price of LTC in March is $147. The lowest that the asset will be priced at is $117.56.
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