Litecoin, one of the popular and underrated crypto recently reached an all-time high and it is showing great movements. Its market cap during the period grew by 46% from Feb (2-19), on increasing excitement over a Litecoin exchange-traded fund (ETF).
A Litecoin ETF would enable investors to buy and sell it just like any other stock, without the need to manage crypto wallets or private keys. Well, on the same note, we saw CoinShares applying to list a Litecoin ETF on Nasdaq in recent weeks and the U.S. SEC (Securities and Exchange Commission) is now reviewing it.
Experts believe there is a high chance, up to 90%, that it will be approved by the end of 2025, as U.S. regulators become more open to cryptocurrencies.
Beyond ETF hype surrounding Litecoin however, the coin’s network has seen and massively increase in activity. The daily transaction volume was $9.6 billion, a 243% rise since August 2024. This isn’t just speculative trading, real people are using Litecoin to make transactions instead of just HODL’ing.
At the same time, whales, have been quietly stacking up LTC. In the past two weeks alone, they’ve bought around $500 million worth of Litecoin, a strong signal that they see long-term potential in it.
Currently, Litecoin is trading at around $138, with $120 being a key level of support. If momentum keeps up, analysts say Litecoin could climb to $225. But if it drops below $80, the rally might lose steam.
For now, everyone’s watching what the SEC does with the ETF. If it gets the green light, it won’t just be big for Litecoin, it could shake up the whole crypto space.
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