Litecoin Falls Under $100 Amid XRP and ADA’s White House Momentum

This week, the cryptocurrency market has experienced major fluctuation, as Litecoin (LTC) falls below $100, whereas XRP and Cardano (ADA) surge ahead of the White House Crypto Summit. The event, set to be held on March 7, aims to influence the future of digital assets in the U.S., bringing together policymakers and industry leaders to discuss important regulatory and strategic measures.

Litecoin Declines Amid Bearish Sentiment

Litecoin’s price fell below the key $100 mark, indicating a shift toward negative sentiment among investors. Market analysts link the decline to recent U.S. trade tariff updates and Litecoin’s exclusion from the U.S. Crypto Strategic Reserve, a move announced by President Trump on March 2. This reserve, which aims to expand the country’s digital asset reserves, focuses on five leading layer-1 blockchains—excluding LTC, which may have been the reason for the coin’s decline. 

Coinglass market data reveals a major imbalance in futures positions, with $38 million in short positions on Litecoin surpassing $11 million in long positions. This indicates that traders expect further declines, potentially driving LTC to its next significant support level at $85. Technical indicators show ongoing downward pressure, with resistance building around $105 if a rebound takes place. 

XRP and ADA Gain Momentum

In contrast to Litecoin’s decline, XRP and Cardano have both seen massive gains ahead of the White House Crypto Summit. XRP has surged past $2.59, marking a 5% increase in the past 24 hours. The asset has now gained 25% since the start of 2025 and an impressive 335% over the past year.  Analysts suggest that XRP’s momentum is partly due to speculation regarding its potential inclusion in regulatory discussions at the summit, particularly regarding its use in international remittances and financial services.

Similarly, Cardano’s ADA token has seen an uptick in value following its inclusion in the U.S. Crypto Strategic Reserve. President Trump’s endorsement of ADA as part of the strategic reserve has fueled investor confidence, contributing to the token’s upward trajectory. Market analysts believe that Cardano’s continued development and real-world adoption could further bolster its long-term value.

Anticipation Builds for the White House Crypto Summit

The upcoming White House Crypto Summit is expected to be a pivotal event for the industry, with key figures such as Coinbase CEO Brian Armstrong and Bitcoin Magazine CEO David Bailey set to attend. The summit will focus on regulatory clarity, the role of the U.S. Crypto Strategic Reserve, and the potential for government-backed digital asset initiatives.

President Trump’s task force is reportedly considering policies that could impact the adoption and regulation of cryptocurrencies in the U.S. If favorable policies emerge, this could further boost the market standing of XRP, ADA, and other digital assets included in the strategic reserve.

Market Outlook and Investor Strategy

As the cryptocurrency market navigates this volatile period, investors remain focused on developments from the summit. Regulatory decisions and strategic initiatives discussed during the event could have far-reaching implications for the industry. Market participants are advised to monitor updates closely and exercise caution when making investment decisions in this highly dynamic environment.