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This growth is partly attributed to Litecoin’s increasing adoption as a digital payment asset and speculation about an ETF approval.
Litecoin ETF Buzz Driving Market Sentiment
Litecoin’s ETF narrative has gained momentum recently, mirroring Bitcoin and Ethereum’s price action ahead of their ETF approvals.
Eric Balchunas, Bloomberg’s senior ETF analyst, recently assigned a 90% probability that a Litecoin spot ETF will be approved in 2025.
Our official alt coin ETF approval odds are out. Litecoin leads w 90% chance, then Doge, followed by Solana and XRP. We are only doing for 33 Act $IBIT-esque filings. But def poss to see futures or Cayman-subsidiary type 40 Act stuff get through as well. https://t.co/JSaNnifjbu
— Eric Balchunas (@EricBalchunas) February 10, 2025
On the Polymarket betting platform, the odds of a Litecoin ETF approval by year-end stand at 75% as of Feb. 27. The U.S. SEC acknowledged CoinShares’ Litecoin ETF filing on Feb. 19, bringing the prospect closer to reality.
ETF anticipation has historically led to front-running rallies, as seen with Bitcoin and Ethereum in 2024, positioning Litecoin for further price appreciation.
Litecoin’s Hashrate Hits New All-Time Highs
Another bullish driver for LTC is its strengthening network fundamentals. Litecoin’s hashrate recently hit an all-time high of 2.25 PH/s, increasing network security and miner confidence.
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