Accompanying this sign is an ascending triangle breakout, a construction characterised by greater lows and a flat resistance stage, which Litecoin breached at $115. The breakout is strengthened by a spike in buying and selling quantity (2.27 million LTC traded this week), indicating robust market conviction.
Technical projections counsel that if momentum holds, LTC may goal the 0.382 Fibonacci stage at $185, with additional upside towards $200–$230. Nevertheless, Relative Power Index (RSI) readings at 66.22 point out that Litecoin is approaching overbought circumstances, elevating the danger of a near-term pullback.
Litecoin ETF Hypothesis Provides to Momentum
Including gasoline to Litecoin’s rally is rising hypothesis over a possible U.S.-approved Litecoin Exchange-Traded Fund (ETF).
- The SEC not too long ago acknowledged a rule change for itemizing the CoinShares Spot Litecoin ETF on Nasdaq.
- Canary Capital’s Litecoin ETF appeared on the DTCC system below the ticker LTCC, an important preparatory step.
- Bloomberg analyst Eric Balchunas estimates a 90% likelihood of ETF approval in 2025.
The hypothesis has translated into aggressive shopping for stress—Litecoin’s market cap surged 46% between February 2 and February 19, outpacing Bitcoin and the broader crypto market’s 42% acquire since early November 2024. Following the DTCC itemizing information, LTC spiked 8.5% intraday, briefly testing $138.
Community fundamentals are additionally strengthening. Each day transaction quantity has climbed to $9.6 billion, a 243% enhance over 5 months, as investor curiosity and adoption develop.
