Litecoin Unveils .LTC Domains—Personalized Web3 Identities Are Here
- Litecoin’s .LTC domains bring personalized Web3 identities to its community.
- A potential ETF approval has fueled Litecoin’s recent market surge.
Litecoin made a major entry in the Web3 space by releasing .LTC domains, a new platform for convenient crypto payments and a more secure digital identity for its users. Designed in partnership with Unstoppable Domains, this project allows users to replace cumbersome wallet addresses with custom .LTC names.
The release of .LTC domains eradicate the hassle of pasting in-long wallet addresses, making it easier and more personal to make a transaction. With a convenient domain name, users can now send and receive Litecoin.
https://t.co/PtDGo5sbrm
— Litecoin Foundation ⚡️ (@LTCFoundation) February 25, 2025
Additionally, these domains serve as a username in the Litecoin community, enabling traders, miners, and enthusiasts alike to have a separate identity.
Aside from accepting payments, .LTC domains create gateways for an ever-widening universe of decentralized apps. With the “Login with Unstoppable” functionality, users can directly access DeFi apps, Web3 games, and other blockchain apps.
The Litecoin Foundation also authenticated these domains as a once-off purchase, so there is no renewal fee; owners have perpetual ownership of them.
Looking ahead, the foundation is in the process of adding .LTC to ICANN’s global system of international domains, a move that potentially extends its utility beyond blockchain.
LTC Surges 15%, Traders Watch $137 for Breakout
Following the announcement of .LTC domains, Litecoin’s price surged 15% in 24 hours, outperforming many other altcoins. The cryptocurrency is now trading at $126.20, showing strong momentum as it approaches key resistance levels.
Market participants are closely watching the $137 mark, as a successful breakout could pave the way toward $190. Litecoin has consistently demonstrated strength in recent weeks, recovering faster than many other altcoins from market dips.
Its price action remains bullish, with strong support at the $115 level. If LTC holds above this zone, continued buying pressure could lead to further gains.
Already, traders have set themselves for a potential breakout. One market player indicated that Litecoin made a definite uptrend, rallying off key support levels for a 60% rally. If this trend continues, LTC can reach $140 in a matter of time, with other resistances of $155 and $190.
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Litecoin has historically performed well in uptrends, leading to stronger market trends. Experts argue that Litecoin can reach $200 in weeks if momentum continues. Crossing above the barrier of $190 can result in further upward movements, potentially pushing LTC to the point of $220.
Litecoin ETF Listing on DTCC Fuels Approval Hopes
Along with technical factors, interest in a Litecoin exchange-traded fund (ETF) is among the factors pushing its current upward trend. The listing of a new Litecoin ETF on the Depository Trust Clearing Corporation (DTCC) is stoking expectations of approval, which is, in turn, supporting sentiment among investors.
While listing in itself is not an assurance of an imminent launch, experts consider it a step in the process. Bloomberg’s senior ETF analyst Eric Balchunas commented that the move indicates the issuer’s preparations for trading.
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The situation is compared to Bitcoin’s ETF experience, where listings in its beginning years portended eventual regulatory approval. Nate Geraci, president of The ETF Store, suggested similar patterns preceded Bitcoin approval. If Litecoin is on a similar course, it can potentially make it easier for traditional investors.
However, as we reported earlier , Estimates now stand at 90% for a chance of approval for a Litecoin ETF, surpassing approval chances for Solana and XRP . Analysts explain that this is due to Litecoin’s proven track record and regulatory history.
If approved, the ETF can facilitate a substantial uptick in Litecoin’s adoption by allowing institutional investors to gain exposure without direct crypto ownership.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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