Since mid-December, cryptocurrency traders have faced significant losses in altcoins. Today, many expect Bitcoin (BTC)
$96,842 prices to surpass six-digit levels for a rebound. Currently, nearly all altcoins are trading well below the prices seen when BTC was at $50,000. So, what do experts think about this situation?
Bitcoin Market Dominance and Altcoins
Bitcoin’s dominance inversely correlates with altcoins, currently represented by a BTC.D level of 60. This figure indicates the pressure on altcoins, as we typically see it drop to 48% or lower during an altcoin bull market. As a result, traders are closely monitoring the BTC.D chart. Cryptocurrency analyst Rover noted that we are moving towards an expected phase.
“Bitcoin’s dominance is about to break this rising channel. Bullish for altcoins!”
Altcoin Sherpa implied that the BTC.D decline needs to happen while BTC prices remain stable. He expressed concern about the environment, stating that for traders to see profits, BTC needs to rally significantly, or else they may face further losses.
Litecoin (LTC) in 2025
Bloomberg analysts predict a 90% chance of approval for the Spot LTC ETF this year. Recently, similar odds were discussed for BTC and ETH, with many ETFs now approved. By November, we expect results for many altcoin ETF and option applications, particularly for LTC and XRP Coin.
In today’s analysis, Carl discussed LTC and anticipates a move towards $180.