Litecoin (LTC) significantly exceeded the wider cryptographic market in the last 24 hours, increased by more than 9%, reaching USD 127.85 on February 27.

On the other hand, the total valuation of the cryptographic market fell by 3% among the acidic risk, conducted by the separation of NVIDIA earnings and the latest tariff ads of US President Donald Trump.

The key drivers behind Litecoin profits include:

• Announcement of your own domain Litecoin, “.ltc”

• The growing LTC strength against Bitcoin (BTC).

• Strengthening technical charts.

Litecoin announces the official domain extension “.ltc”

Litecoin price profits appear today after the official Handle X Cryptocurrency Announcement of introducing your own domain extension.

What to know:

• On February 25, 2025, Litecoin announced the launch of the official “.ltc” domain extension in cooperation with non -stopping the domain.

• The transmission of Litecoin reflects the Ethereum domain, which gained popularity as an vital part of the web3 identity solutions.

• Thanks to .lTC domains, users can register personalized addresses based on blockchain instead of relying on long addresses of the alphanumeric portfolio.

• Domain extension should ideally make sending and receiving LTC payments by reducing the risk of errors in transactions.

• The LTC price has increased by about 22% since the domain extension is announced.

LTC’s strength against Bitcoin improves

Today’s Litecoin profits also result from consistently mighty results against Bitcoin, which controls about 60% of the entire valuation of the cryptographic market.

Key points:

• The LTC/BTC pair increased by about 40% to a year.

• For comparison, the ether (ETH) and Solana (SOL) fell by more than 24.45% and 20.50% respectively in relation to bitcoins.

• The domination of the Litecoin cryptocurrency market has improved due to the ongoing noise of the stock exchange fund (ETF).

• Ether and bitcoins saw similar ones will escalate before ETF approvals in 2024.

• Earlier in February Eric Balchunas, a senior analyst at ETF Bloomberg, noted that in 2025 there is 90% probability that ETF Litecoin.

• On Polymarket bookmaker platformThe chances of approval of ETF in the ETF style in 2025 amounted to 75% as at February 27.

• On February 19, the American Commission for Securities and Exchange recognized Coinshares Spot Fitecoin Aplationings ETF.

Hashrate Litecoin is growing

Litecoin goes to the market when the network bases are strengthened, and miners gather and Hashrate achieve fresh ups.

Especially:

Related: Litecoin TXS increases by 243% within 5 months among ETF Hype: Santiment

• Reduced sales of miners, the growing power of the network and maintaining the position of LTC demand in order to obtain further growth potential.

LTC looks at 360 USD

Litecoin’s profits are today part of the prevailing inverse head and shoulders (IH & s), a classic stubborn configuration of reversal signaling a potential breakthrough.

Key results:

• IH & S is a technical pattern that forms after a downhill and consists of three key trough: left shoulder, lower head and right arm, creating a neckline.

• The pattern will separate when the price definitely breaks over the neckline and increases by a maximum distance between the head correction and the neckline.

• From February 27, Litecoin created the right arm of the pattern, looking at the break over the neckline resistance of around USD 130.

• The resulting target is about USD 160, which suggests a potential rally to March if the breakthrough persists.

• Lack of storage above USD 130 may lead to a re-test of lower support levels near 50-4h EMA (USD 123.80) and approaching EMA 200-4h (USD 120.41).

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.