- Litecoin (LTC) surged to a 14-day high of $135 on Friday amid speculation about a potential spot LTC ETF approval.
- The Proof-of-Work (PoW) sector's valuation rose 1% in 24 hours, surpassing the $2.1 trillion milestone.
- Bitcoin and Dogecoin dipped as PoW investors diversified capital into Litecoin, Bitcoin Cash, and Monero.
Speculation around a Litecoin spot ETF approval has ignited bullish momentum across Proof-of-Work (PoW) tokens. Technical indicators highlight potential price trajectories for LTC, BCH, and XMR in the coming days.
PoW Sector Valuation Tops $2.1 Trillion as LTC, BCH, and XMR Traders Profit
Litecoin (LTC) soared to $135 on Friday, marking a 14-day high, fueled by growing rumors of a spot ETF. The broader PoW sector capitalized on this momentum, lifting its total market cap above $2.1 trillion—a 1% increase in 24 hours.
While Bitcoin (BTC) and Dogecoin (DOGE) faced minor declines due to capital rotation, PoW investors pivoted to altcoins like Litecoin, Bitcoin Cash (BCH), and Monero (XMR). LTC recorded a 13.8% weekly gain, with BCH and XMR up 1.3% and 8.6%, respectively.
"News but expected. Even Gensler’s SEC would approve these. That said, they approve within 45 days instead of waiting 240. I’d love to read this as a sign of a faster new SEC, but honestly can’t know. Litecoin is next in line—we’ll know more soon."
— Eric Balchunas, Bloomberg Senior ETF Analyst, January 30, 2025.
If LTC ETF speculation continues driving institutional interest, Litecoin could sustain its uptrend, with the next key resistance at $140. Meanwhile, PoW investors are closely monitoring broader market dynamics and Bitcoin’s price action, which often dictates sector liquidity.
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Litecoin Price Forecast: $130 Close May Validate $150 Target
Litecoin’s recent 19.66% surge over two days reclaimed $131.35, signaling renewed investor confidence. LTC now hovers above the $130.80 VWAP—a pivotal level suggesting further upside if bulls maintain momentum.
The upper Bollinger Band at $136.62 marks the next resistance; a decisive close above could unlock the psychological $150 target. A rebound from the lower band ($98.80) indicates accumulation after a 22% drop over 12 days, followed by a sharp reversal.
Despite the breakout, traders should watch the Balance of Power (BoP) indicator, currently neutral at 0.12. This hints at steady demand without extreme buying pressure, leaving room for volatility. A rejection at $135 might trigger a retest of $125 or the VWAP support at $120, where dip buyers could re-enter. Sustained volume and momentum, however, position LTC for extended gains—with ETF rumors as an added catalyst.
Bitcoin Cash Price Prediction: $500 Target in Sight
Bitcoin Cash (BCH) rallied 7.59% in two days, reclaiming $435 after a 17.41% slump. BCH found support near $400, and its recovery now faces the $433.40 VWAP—a key level that, if flipped to support, could accelerate a push toward $500.
The Parabolic SAR points remain above $483.60, indicating the broader downtrend isn’t fully invalidated. Yet, the recent breakout suggests growing momentum. A sustained close above $440 may confirm a trend reversal. The Balance BBP (-1.0) shows bearish pressure easing but not reversed, implying potential volatility.
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If buyers hold above $450, the next resistance lies at $480, where SAR alignment could confirm a bullish shift. Failure to breach the VWAP may invite sellers to retest $420 or $400. With rising volume supporting the rebound, the bias remains cautiously bullish—$500 is achievable with further confirmation.
Monero in Motion: Can Bulls Maintain Control Above $230?
Litecoin ETF speculation and the lifting of Tornado Cash sanctions have boosted privacy coins, creating dual tailwinds for Monero (XMR). This narrative shift propelled XMR into an uptrend, with a 9.5% price rise and long upper wicks signaling strong demand at higher levels.
On the daily chart, XMR broke out of consolidation, forming higher highs and lows to confirm bullish momentum. Trading near $234.37 (just below the $234.64 VWAP), the market tests short-term equilibrium. The Parabolic SAR’s uptrend at $207.60 reinforces optimism.
Resistance at $238.85 (session high) may trigger profit-taking, potentially retracing to $225. However, expanding volume and a robust BBP (27.25) suggest dip-buying interest. A reclaim of $240 could accelerate gains toward $250. Losing $230, however, might invite sell-offs back to $215.
FAQ
Q: Why are PoW coins like LTC, BCH, and XMR rallying?
A: Speculation around a Litecoin ETF and renewed interest in privacy-focused assets (e.g., post-Tornado Cash sanctions) are key drivers.
Q: What’s the next resistance level for Litecoin?
A: $140 is the immediate target, with $150 achievable if ETF momentum continues.
Q: Could Bitcoin Cash reach $500?
A: Yes, if BCH sustains above $440 and converts the VWAP into support.
Q: How does Monero’s privacy feature impact its price?
A: Regulatory clarity (e.g., sanction lifts) boosts adoption, directly benefiting XMR’s valuation.
Q: Are PoW coins a safer bet than Bitcoin now?
A: They offer diversification, but BTC’s liquidity still dominates sector trends. Always DYOR (Do Your Own Research).